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But, at the same instant, the dotcoms confront us with the harsh reality of cash flow. Maybe profit is an illusory opinion, but cash (or equivalent liquid assets) is a fact. A printer may comfortably survive with a 3 percent profit illusion on sales, but neither dotcom nor printing company can comfortably survive without liquidity—cash. The stock market investors' wishful projection of the current worth of future profits or earnings is, once again, simply an investor's opinion, another metaphor derived from virtual reality. So now we have both accounting and market investors' opinions of value.
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