Sublime

Volatility And Longevity

The volumes of material needed annually

Very few of these benefit estimates includes the cost of large-scale surprises or non-market costs, and no existing benefit function tries to capture socially contingent damages

and do not seem to be discounted into net present value (NPV)

Greenberg doesn’t limit himself to one kind of valuation metric, but he always looks at free cash flow yield.

‘Homo economicus’,