What is the liquidation value of Tether vs GS? I’ve bought a lot of companies, n

What is the liquidation value of Tether vs GS?
I’ve bought a lot of companies, not just their stock, and the value of a company begins with its liquidation value. From there it’s just your cash flow. From cash flow it’s the price of some portion of that cash flow plus your theoretical appreciation (which is mostly a in defense against inflation.) So basically the value of a biz is the liquidation value, plus the predicted returns of parking your money there, minus the cost of the business, minus some risk premium, which is the potential loss of your investment in that business. Digital anything is gambling on momentum. it’s not investing.

Reply addressees: @WClementeIII