Valuation Models Made Simple

The following story is by Mike Price, a guest writer for Shai Dardashti blog on Grahamian Value. Once a wise man purchased a cow for $750, the cow proceeded to produce about $500 of milk each year, after about ten years it had a calf; this story is about the calf. After about two years with the calf the farmer decided to retire so he put ad in the paper to sell the calf. Two days later a guy came and offered $250 for cow, saying it was he could get for slaughtering the cow and selling all of the meat, and brain. Click Here for the Complete Article

 

Thanks toughiee for the link.