Cash Flow Prediction

Better and Better                                                                                                Day 10

      In the last two days, we learned the meaning and the status of cash flow. Today we will learn the standard. For personal investment, there are some simple and crude standards in judging cash flow. First, for companies with publicly available data, you can directly look at the operational cash flow. If a company with long-term negative in this figure, you can directly slip slip it out, which proves that its self hematopoietic ability is poor. Second, for a start-up, you need to carefully asses its ability to generate operational cash flow in the future, not just its ability to raise money. Based on these basic logic, you can find that there is no much mystery in predicting cash flow.

    過去兩天里，我們學習了現金流的含義和地位，今天我們來學習標準。對於個人投資來說，用現金流判斷企業有非常簡單粗暴的方法。第一，對於有公開數據的企業，你直接看企業的經營性現金流。這個數字如果長期為負的企業，直接就略過去，這證明它的自我造血能力差。第二，如果是初創企業的話，你要仔細評估，它在未來創造經營性現金流的能力，而不能僅僅看它的籌資能力。基於以上，非常基本的邏輯，你就會發現現金流預測沒有太多神秘的地方。

                                                                                                            Sept.3rd ,2018                                                                                                                    Bazhou.