In contrast, the private equity market invests based on your future. Getting credit for your future today, is a matter of negotiation. There is no such thing as intrinsic value. If there were, you would not have both a buyer and seller exchanging stock at the same price in the market daily. Value is a matter of perception, a concept the mosaic approach takes advantage of' but not to its full potential.
Perception is so powerful it has been known to change objective facts.
Honest bystanders offer facts, but the cop reporting the incident is overwhelmed with conflicting data. So it is with the equity market. Perception is management's secret weapon. Management is what converts projections into reality. Value creation is management's job.