Why We Need to Update Financial Reporting for the Digital Era
JUNE 8, 2018
This notion, that risk is a desirable feature, can seem like sacrilege to anyone who’s taken an introductory finance course. However, many investors seem to have concluded that the most successful companies with tens of billions of dollars of valuation today could never have justified their valuation at the start of their operation based on discounted cash flow. Furthermore, the operating managers cannot take their eyes off day-to-day operations to focus on innovation.