The (Not Very Deep) Meanings of the Dow's New Record
Harvard Business Review
MARCH 6, 2013
There are three main ways of explaining stock prices: The first is basic economics — a share of stock is worth the present value of the future cash flows associated with it. Put another way, a company's stock-market value is a function of how much money investors think it will make in the coming months and years.
Let's personalize your content