What I’m learning from the HN thread about my cash flow post:
1) cash flow is REALLY unintuitive if you’re not involved in business.
2) even if you have basic business knowledge, (say, corp finance 101) the capital allocator lens that Malone typifies is STILL weird af.
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For non-finance, non-business school peeps (like me!) I’d recommend Thorndike’s The Outsiders, followed by a corp finance textbook if you’re serious about it. (I like Damodaran’s, though I’m not done with it)
goodreads.com/book/show/1358
goodreads.com/book/show/1533
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Count me as one is those who didn’t even know cashflow existed as a concept. After asking someone more financially savvy, they said “you can make profits look better but you can’t fudge cash flows”
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