Value Investing News - The Failure (and Success) of Heuristics : Circle of Competence - Comments http://www.valueinvestingnews.com/failure-and-success-heuristics-circle-co Comments for "The Failure (and Success) of Heuristics : Circle of Competence" en The Failure (and Success) of Heuristics : Circle of Competence http://www.valueinvestingnews.com/failure-and-success-heuristics-circle-co <p>I take a look at why multiples of book value and earnings don't make sense to use in valuation, while liquidation value and free cash flow are much more sensible numbers.</p> http://www.valueinvestingnews.com/failure-and-success-heuristics-circle-co#comments Tools Thu, 03 Jul 2008 22:04:26 -0400 Circle of Competence Blog 4779 at http://www.valueinvestingnews.com