In general I don't find articles on Seeking Alpha worth reading. Occasionally there are exceptions. This is one of them. (Some of the comments are also good )


"Market participants have the nasty habit of getting so caught up in the present that they fail to accurately understand the future. A stock is not a claim on the past but rather a right to share in future earnings. The market's evaluation of Nokia (NOK) is a case study in a constrained mode of thinking."

http://tinyurl.com/9pjxvv2

-Rob