Jack Welch died recently. And as usual with such public figures, the media fell over themselves to praise him to the skies. Welch, who was named "Manager of the Century" by Fortune magazine in 1999, massively increased the might of G.E. during his time as CEO. The market value of G.E. stock rose from $14 billion to approx. $400 billion, an increase of more than 2,700%, during those 20 years…..
Read MoreDoes money have value? Apparently it does and it’s based on all on time.
We keep talking about the time value of money (TVM), which is such an important concept in finance. TVM is used to discount future cash flows to present value. It’s widely used in the valuation (and hence the management) of almost any financial or real asset from shares to bonds to property….
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