You own stock because of the income you expect to get

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You own stock because of the income you expect to get from that stock How do I create value? o Raise money (debt and equity) o Operating profit ultimately drives the value of the financial capital, debt and  equity
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Great managers live in the future o We create value by constantly innovating by creating the competitive  advantage o We plan, execute and review and hope that things come together Portfolio = a team of people, assets, money, etc. and how all those things come  together o When we maximize, we maximize the total business or entity, not specific  parts o It’s a team environment and when all the things come together it is something  special All the elements come together to create that value creating process You have to appreciate that the value to all the stakeholders corresponds to time o Most precious commodity o Stake holders expect to be compensated for their time Return o You expect to be compensated by return Providers of debt expect to be compensated through a return for their 
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