If he can maintain 15% to 20% per annum over the medium to long term, does purchasing at a 15% to 20% premium merely represent purchasing at fair value, as the market is forward looking and you would be purchasing for future NAV? This means that purchasing at current NAV without a premium could represent a discount to fair value.
Ann: Daily NAV, page-3
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
