For those who keep asking, this is exactly how we Calculate Stock Value 📈

Think about core earnings as basically a fixed-up income statement, and then return on invested capital is a fixed income statement, balance sheet, cash flow statement. When I say fixed, that means taking into account all the footnotes in there in our system. To be honest, our calculator, we got thousands of metrics. Our clients come at us with a lot of ideas about how they want to calculate things. We're just like, sure, as long as you're using superior inputs, the outputs will be superior as well. And therefore, whatever the metric is, So what we have to do is look at speed, profitability, and duration. And duration in equities is what we call the market implied growth appreciation period, or the duration required to justify the stock price. You can have any duration you want. It's going to imply a different stock price. We don't calculate a value just on 5 years or 10 years. We calculate a value every year for up to 100 years. We want to cast our net out as far as the market might be looking. And what that allows us to do is compare the future cash flow trajectory required to justify the price to the past cash flows. And that's super illuminating. When you look at some of these stocks, like Nvidia, for example, as profitable as it is, the future cash flow profitability trajectory is like this to the moon, man. I mean, it's like bigger than the GDP of Japan, assuming Japan's GDP grows at 4% a year for the next 20 years. It's like a, you know, it's in the trillions. It's like they're going to be their own planet almost, right? Bigger than the moon. And I think that's just helpful for investors to just benchmark, like, okay, when is expensive really expensive? What does that mean?