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The Most Common Mistakes People Make When Estimating Growth Rates
Most common mistakes people make when estimating future growth rates of say the cash flows or something? They act like they're in a silo that everybody else in the world is stupid. It's what I call the big market delusion, especially prevalent when you're seeing a market kind of become a big growing market. If there are 15 other companies doing the same thing, they can't all grow at that rate because the market is not big enough. We need to ask questions about individual companies compared to advantages and not just reward them for being in big growing markets.