1. What surprised me when reading chapter 14 was the number of aspects that go into valuing a business venture.
2. How do you determine the correct P/E ratio for companies with no stocks or private stocks? This confused me because it is hard to anaylze a business on the P/E ratio without it.
3. How do you determine a firm's life expectancy?
4. The author was right on in the valuation of firms.
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