The half-life of investment growth
Margin Call: Beware of paying a premium for historically high growth companies.
Nicholas Bagnall
Tue, 27 Jul 2021
Margin Call: Beware of paying a premium for historically high growth companies.
Growth (in revenues, profits, and cashflows) is a critically important determinant of the return you get from an equity investment, particularly for investments in companies that wouldn’t need to deploy much further capital to accommodate any growth.
Also, it is clear that a track record of