Bill Gurley
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"While growth is quite important, and even though we are in a market where growth is in particularly high demand, growth all by itself can be misleading. Here is the problem. Growth that can never translate into long-term positive cash flow will have a negative impact on a DCF model, not a positive one. This is known as “profitless prosperity.” > 成長は非常に重要ですが、成長が特に高い需要にある市場にいるにもかかわらず、成長だけでは誤解を招くかもしれません。問題は、長期的に正のキャッシュフローに転換できない成長は、DCFモデルに否定的な影響を与えるということです。これは「収益性のない繁栄」と呼ばれています