Revenue is Vanity; Profit is Sanity; Cash Flow is Reality

Revenue is Vanity; Profit is Sanity; Cash Flow is Reality

A little known fact is that, at the dawn and early growth of the U.S. cable television industry, most cable television operators earned zero profit. In fact, many showed consistent losses when measured in “net profit” terms.  What some observers missed, however, is that despite their consistent losses on the bottom line, most players in Read More

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