To my mind a key question is the degree to which companies self-fund growth investments vs funding them by share issuance. The first is far more powerful than the second, because the CROCI for stock-fueled investments has to overcome the loss of cash income per share produced by the dilution.
thank you Paul. appreciate your appreciation of the transcripts. I think we are over the hump on my regularly including as I have found an AI clean up process that gets it to where it needs to be far less painfully than manually editing.
Thanks again, Arjun, for the transcript.
To my mind a key question is the degree to which companies self-fund growth investments vs funding them by share issuance. The first is far more powerful than the second, because the CROCI for stock-fueled investments has to overcome the loss of cash income per share produced by the dilution.
thank you Paul. appreciate your appreciation of the transcripts. I think we are over the hump on my regularly including as I have found an AI clean up process that gets it to where it needs to be far less painfully than manually editing.
No doubt, self funded growth is the ideal.