When Marshawn Lynch said "You should be taking care of yo’ chicken" he wasn't referring to an accounting profit. He was referring to cash on hand and cash flow. You can't buy a Beast Mode hoodie with a GAAP profit. You must have cash. https://www.google.com/amp/s/amp.thenewstribune.com/sports/nfl/seattle-seahawks/article239295093.html …
When asked about the value of GAAP earnings Lynch is reported to have said: "They are the product of an expensive compliance document that may provide some clues about the discounted value future cash flows. It's better than a poke in the eye with a sharp stick, but be careful."
Marshawn Lynch also reportedly said: "Read Expectations Investing by Mauboussin and Rappaport. You feel me? Start takin’ care of y’all mentals and y’all bodies and y’all’s chicken. So, when y’all ready to walk away, you be able to do what you want to do.” http://www.expectationsinvesting.com/pdf/earnings.pdf …
"The first business earns 12%, and you can take it out at the end of the year. The second earns 12%, but all the excess cash must be reinvested — there's never any cash. We hate that [second] kind of business." Charlie Munger https://www.google.com/amp/s/25iq.com/2015/10/03/a-dozen-things-ive-learned-from-charlie-munger-about-capital-allocation/amp/ …
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