You adopt a real "belts, braces and girdles" approach to your assessment of risk/reward Vainglorious. Nothing wrong with that. My view is that we need to assess value and return and risk in the context of the low interest rate era n which we now live.
I suspect our assessment of the appropriate discount rate to use will change if NIRP becomes ridiculous such as the banks charging say 5%pa to deposit funds with them.
For mine, 10% is the new 12.5%,
You adopt a real "belts, braces and girdles" approach to your...
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