Death, Taxes, and Reversion to the Mean / Michael Mauboussin's latest paper on reversion to the mean - why high return on capital can't stay high forever - incorporating reversion to the mean in DCF valuations - "Good to great" and "Great to good".
More Holiday Reading
More Holiday Reading
More Holiday Reading
Death, Taxes, and Reversion to the Mean / Michael Mauboussin's latest paper on reversion to the mean - why high return on capital can't stay high forever - incorporating reversion to the mean in DCF valuations - "Good to great" and "Great to good".