The Espresso Investor

by An

Finance & Investing op-ed / Independent / Vietnam

Tag: valuation

  • 9. What drives Value

    9. What drives Value

    I do want to emphasize, here, the word Value and not Price. Price is decided by the maniac and bipolar Mr. Market (or the speculative public) and thus changes as frequently as everyday. Meanwhile, Value is determined by the fundamentals of the business that reflect more permanent conditions. A broker’s analyst, in making recommendations on…