To be so closely caught up in the teeth of things that they kill you, no matter how infinitesimally kill you, is, truly, to be a poet: and to be a poet in fact it is additionally necessary that you should possess the tongues and instruments with which to record this series of infinitesimal deaths.
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.warren buffett
The problem is rather that many African states lack the capacity to establish the crucial conditions for capital accumulation and, additionally, act in economically irrational ways. This nondevelopmental or even antidevelopmental thrust is manifest in the mismanagement, inefficiency, and pervasive corruption of the public sector as well as political instability and the inability to prevent widespread evasion of laws and regulations.richard sandbrook
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