I found this chapter to be the most confusing chapter in the book so far. Maybe it's because we're so close to the end of the class, and there are so few pages left in the book! That's exciting, but still I had difficulty grasping the concepts in this chapter.
A particularly confusing topic was the discounted earnings method section. I would like to ask the author 1) what techniques are used to estimate expected flow, since there can be so many inaccurate ways to do that, and 2) what techniques are used to determine the potential lief expectancy of a business? These seem like metrics that are more like guesswork vs real numbers, and if you're basing legitimate business decisions off of guesses, how much trouble can you be getting your company into?
I don't feel the author was particularly wrong about anything in this chapter.
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