There is a common mistake most investors make: they study the dividend discount model with great caution and then use it as a valuation tool. What the DDM really gives you is the value of a money ...
"A cow for her milk. A hen for her eggs, And a stock, by heck, For her dividends" (John Burr Willams) As valuation techniques go, the dividend discount model ("DDM") is basically a more conservative ...
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