William Green with Guy Spier: Investing Prudently in Perilous Times.
The Education of a Value Investor
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How to Protect Yourself From Getting Too Carry Away
Many companies are taking money from the capital markets and investing it in operating losses because they're going for this. The company has to do some huge reorientation based on internally generated cash flows. And so the simple checklist item that comes up is can the company fund all of its growth and all of its discretionary investment in potential new businesses from existing cash flows?
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