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What are Koch's postulates?
Top-Down Approach
An investment strategy that starts with global economics before identifying specific sectors and companies for investment.
Operating Cash Flow
An indicator of the money produced through the regular business activities of a company.
Noncash Deductions
Expenses that reduce taxable income but do not involve an actual cash outlay, such as depreciation.
Net Working Capital
The disparity between a firm's existing assets and its immediate debts.
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