Stop Focusing on Profitability and Go for Growth
Harvard Business Review
MAY 1, 2017
Global capital balances more than doubled between 1990 and 2010 — from $220 trillion (about 6.5 Today, the average cost of equity capital sits at close to half that: just 8% for the roughly 1600 companies comprising the Value Line Index. So, in real terms, debt financing is essentially free. times global GDP).
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