Wednesday, April 8, 2009

Google and the Temptations of Being Cash-Rich - DealBook Blog - NYTimes.com

Several years ago Eric and crew at CyberLibris asked me for a list of my all time favorite finance papers. I could not find a link to it now but I do know that well in the top five was Michael Jensen's 1986 free cash flow paper. It was one of the first academic papers I read when I got to Rochester for my MBA and it immediately clicked. It later became the premise of my PHD dissertation and I

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