Nth Industrial Revolution? In the past few years, I’ve come around to this mental model that the economic value of tech businesses are not easily calculated when looking just at public financial reports/filings (10k, 10q, annual reports etc.) at face value.
FCF > NI I first learned about this rubric from Geoff Gannon on Focused Compounding. When looking at a company’s cash flows, one of the things to look out for is Free Cash Flow > Net Income (FCF > NI). Continue Reading →
