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Capital value is not how the stock market has valued companies, not since the middle of the 20th century, at least. See http://www.crossingwallstreet.com/archiv
by nanoanderson 11y ago
Capital value is not how the stock market has valued companies, not since the middle of the 20th century, at least. See http://www.crossingwallstreet.com/archives/2015/05/dont-fret-about-tobins-q.html http://www.crossingwallstreet.com/archives/2015/05/dont-fret... for a nice explanation.