Importance Of Positively Correct Expectation

In business, do we maximize profit or our business market value?
Well, it turns out both are the same. What we mean by maximizing our profit is that we maximize the amount of profit the business will generate in the future discounted by the interest rate.
And guess what, that's the value of our business.
The catch is we don?t know how much profit the business will generate in the future. So the value of our business depends on the expectation of such profit.
The interesting part in this is that the value of our business is a function of the expectation of our profit.
When we can convince enough people that our business will make a lot of money, at that time, the value of our business have gone up. At that time, the profit has been made.
That i View the rest of this article