How Do You All Make Revenue Forcasts?

[buffett]

[ QUOTE ]
sales forecasts are most definitely part of the earnings picture

[/ QUOTE ]
Yes, but your question was regarding variant perceptions from Mr. Market. And Mr. Market, bipolar though he is, at least attempts to make his judgments based on cash flow. Revenues, assets, and other things are all variables in the equation, but in aggregate Mr. Market's regression model is most dependent on cash flow.