The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
F
Fair Value
Valuation
A company’s fair value is a range of values, which may change as facts and our view of the future change.
Fair Value
Valuation
A company’s fair value is a range of values, which may change as facts and our view of the future change.
Fiduciary Standard
Professional Practice
A fiduciary must put your interests above their own.
Fool’s Gambit
Investment Philosophy
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
Company Quality
Free Cash Flows (operating cash flows less capital expenditures) — is very important for several reasons.
