THE GHOST TRAIN
THE FINANCE GHOST: Companies need to keep their options open
Whenever a company has more choices available to it, there is more flexibility and arguably more value
If you open a finance textbook and search for options, you’ll probably find chapters dedicated to the intricate world of derivatives.
It’s a bit like music. There are only 12 notes in any octave but they can be combined in so many different ways that they form an important part of the fabric of humanity...
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