During the Big Four earnings season review, the guests shared three insights: @Moon1ightSt The market cares more about when massive investments will break even. @punk2898 Capital expenditures consume cash first, then impact profits through depreciation. @UnicornBitcoin Selling cloud services and computing power has a relatively clear path to commercial returns. If they could only track one metric, all three unanimously chose: free cash flow. Understanding cash is key to understanding the quality of growth.