Investing is an exercise in evaluating how a company’s “intercept” — the current state of internal affairs, collection of assets, and known information about the competitive environment — will influence its future “slope”. In the early stage market, this becomes especially challenging as there is necessarily limited, incomplete, and outright unknowable information about a company's intercept upon which to base the evaluation of what shape and grade that slope will take over time.
Assets that don't earn.
Assets that don't earn.
Assets that don't earn.
Investing is an exercise in evaluating how a company’s “intercept” — the current state of internal affairs, collection of assets, and known information about the competitive environment — will influence its future “slope”. In the early stage market, this becomes especially challenging as there is necessarily limited, incomplete, and outright unknowable information about a company's intercept upon which to base the evaluation of what shape and grade that slope will take over time.