Facebook’s Q1’20 Earnings Update
Steady Compounding
All big things come from small beginnings
Excerpts:
Has the market bottomed?
It is important to understand that the intrinsic value of a business is the present value of all the cash generated over its lifetime. And most would agree that COVID-19 would be a temporary event. It would be silly to sell your stocks or to hold on to your investable cash because this year's earnings would show a drastic decline due to COVID-19 induced shutdown.
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