If you are not interested in intrinsic valuation and feel that discounted cash flow valuation (DCF) is a waste of your time, you may want to skip these next few posts, which continue a series that I started more than two years ago on myths that surround DCF. While these posts may strike you as esoteric and perhaps even obsessive, I wrote them for two reasons: these misconceptions lead to time-wasting debates among analysts and they have economic consequences, costing business owners, investors and taxpayers large amounts of money. In these next few posts, I focus on the terminal value,…
Myth 5.1: If You Don't Believe In Forever, You Cannot Do A DCF
