The document discusses valuation bias and how value is determined by expected future cash flows agreed upon by buyers and sellers. It also mentions that WhatsApp did not receive any counter offers against Facebook's acquisition bid and that lower interest rates could help capital intensive sectors like construction and infrastructure.
The document discusses valuation bias and how value is determined by expected future cash flows agreed upon by buyers and sellers. It also mentions that WhatsApp did not receive any counter offers against Facebook's acquisition bid and that lower interest rates could help capital intensive sectors like construction and infrastructure.
The document discusses valuation bias and how value is determined by expected future cash flows agreed upon by buyers and sellers. It also mentions that WhatsApp did not receive any counter offers against Facebook's acquisition bid and that lower interest rates could help capital intensive sectors like construction and infrastructure.
The document discusses valuation bias and how value is determined by expected future cash flows agreed upon by buyers and sellers. It also mentions that WhatsApp did not receive any counter offers against Facebook's acquisition bid and that lower interest rates could help capital intensive sectors like construction and infrastructure.