[Financial Times]: “There is no point tying yourself into knows trying to get to the right of the decimal point.”. Stewart Myers, MIT prof, and co-author Principles of Corporate Finance]
He was discussing analysis of the “cost of capital,” in an interesting article about Warren Buffett’s “go with the gut and the handshake” investment approach. But the perspective summarizes my concern about excessive reliance on life cycle analysis, vs the often more relevant and sometimes more powerful, more macro level view of life cycle thinking and metabolic flow analysis.


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