The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
F
Fair Value
A company’s fair value is a range of values, which may change as facts and our view of the future change.
Fair Value (buying and selling)
My objective is not to buy at the ‘bottom’ and sell at the ‘top.’ My objective is to buy a great company when it is cheap and to sell it when it is fairly valued!
Fiduciary Standard
A fiduciary must put your interests above their own.
Fool’s Gambit
They are playing Fool’s Gambit — waiting for a greater fool to buy their overvalued stock from them. It is just a meme, a speculative gambling instrument used by one fool in search of an even greater fool.
Free Cash Flows
Free Cash Flows (operating cash flows less capital expenditures) — is very important for several reasons.
