Another Trump ghostwriter gave a hilarious interview. Trump was basically looking at carpet swatches as day and yelling at people while his businesses were bleeding money. Why in the world did people lend to this person? Terrible businessman, but great salesman.
BRK-A, BRK-B) CEO Warren Buffett." data-reactid=“15” type=“text”>The Democrats have made a big mistake in their blanket opposition to the policies of President Donald Trump, especially on immigration, said Charlie Munger, the right-hand man of Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett.
Berkshire Hathaway Shareholders Meeting. “Democrats are committing suicide…they hate him so much that they’re against him even when he’s right.”" data-reactid=“16” type=“text”>“Donald Trump is right on [immigration],” says Munger, 95, in his first interview after the Berkshire Hathaway Shareholders Meeting. “Democrats are committing suicide…they hate him so much that they’re against him even when he’s right.”
“We should have way more control over our borders than we do,” adds Munger, a Republican.
equity value is literally the real-time net worth of equityholders. ever looked at a ‘forbes richest’ list before? how do you think they settle on who is the richest? the market value of the equity held by those people.
also, you don’t subtract debt from equity. you add them together to get enterprise value. the equity value is in addition to the debt. you can talk about the book value of shareholders equity by subtracting debt from total assets but that has nothing to do with net worth or equity value.
also, everything enron did wrong was apparent to anyone who was willing to look. the company used SPVs in a way that nobody else did and professional analysts at the time should have caught this. instead, they let enron get away with it for four years.
yes, the assets themselves are tangible and marketable but you have no information on outstanding debts or even any third-party terms associated with those assets. would you feel comfortable investing in a company when you only see the asset side of the balance sheet? if so, i have some shares of Frontier Communications i’d like to sell to you for $200 per share. that’s a fair deal if you ignore the liabilities. should i put together the paperwork?
Lol I think we’re mixing definitions. Let me define.
Equity value is shareholders equity aka book value. It’s assets minus debt in balance sheet. Essentially net worth.
market cap is how the market values the company’s bs is and cf. this can easily deviate from the book value of the company because companies are often valued for their earning potential.
Enterprise value is the market cap of equity and the market value of debt minus cash aka takeover value.
A persons net worth uses market cap because that is what it’s worth when you sell it in the market.
consider someone who saves a million dollars per year but a net worth of 0 right now. What would you pay to be him?
what about a person who doesnt make any money but has 10m dollars in cash right now. What would you pay to have that 10m.
Yes, thank you for pointing out a bunch of generalizations we already were aware of but in your incoherent rant you failed to address points 2-4. My point stands, independent analysts put the value at $3.0B, we’re not entitled legally to more info, that’s what we have, it’s an entirely irrelevant topic for liberal try hards anyway, you have no competing analysis to offer and barring cases of extreme outliers the majority of the time these estimates are correct.
If you can’t address A) why this even matters or B) offer a compelling analysis that puts his wealth at another number, unfortunately its just white noise like the time you lectured the forum for a month about HQ2 before losing a bet to a bot.