“I think Trump may be one of those figures who appear in history from time to time to mark the end of an era and to force it to give up the old pretences.” Henry Kissinger. 21.7.18 The third quarter was difficult in financial markets. Tightening liquidity as a result…
At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company.…