Free Cash Flow ETF (159222): Is the strategy to avoid financial "fake cash" really reliable?
I've been diving into 159222 (E Fund National Certificate Free Cash Flow ETF) lately, sparked by someone asking me whether we can trust the cash reported by financial firms. The cash on the books for financial stocks often corresponds to a mountain of liabilities—bank deposits, insurance reserves, broker financing—which is a whole different ball game compared to the "cash in hand" that industrial companies can actually use.
#价值投资 #Duan Yongping
I've been diving into 159222 (E Fund National Certificate Free Cash Flow ETF) lately, sparked by someone asking me whether we can trust the cash reported by financial firms. The cash on the books for financial stocks often corresponds to a mountain of liabilities—bank deposits, insurance reserves, broker financing—which is a whole different ball game compared to the "cash in hand" that industrial companies can actually use.
#价值投资 #Duan Yongping