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Summary: Rules of thumb can be convenient – and dangerous. When at the butcher, it’s good to know that roughly half a pound of meat will feed a person. Using this rule of thumb helps ensure that your dinner guests don’t leave hungry or you don’t waste a few extra dollars per person.
 When checks are about to be written, the Discounted Cash Flow technique, which values the company on a historically grounded and analytically rigorous assessment of the future of the company, is the best way to value an RIA."David DeVoe, managing partner and founder, DeVoe & Co |
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