Part 1

Understanding Net Present Value and The Basics of Discounted Cash Flow Models (DCF)


“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Benjamin Graham

Investor psychology is incredibly important. Markets are continually driven by a swinging pendulum between greed and fear. In the short-term markets are volatile but in the long-term, as Mr. Graham wisely pointed out, they are more like a weighing machine. The weighing is done in a somewhat complicated fashion, but this doesn’t mean it’s hard to implement the eminent ...

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Understanding Net Present Value and The Basics of Discounted Cash Flow Models (DCF)
3 Lessons
~11 mins in total
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