Activity
Erik Orrje addressed criticism #4216.
#4216·Benjamin DaviesOP, 7 days agoIf the business is cash-flowing it doesn’t matter if other people in the market don’t bid it up. The business can buy back shares or distribute dividends to enrich shareholders.
Obviously this assumes you’ve invested in a business with competent management.
Sure, but those cash flows are still downstream of what consumers subjectively value though?
So the estimation of "intrinsic value" is ultimately a guess of what people will subjectively value in the future?