Some things are never equal (unchanged)

The Internet Stock Blog on Comparing the Big Three: Google, eBay and Yahoo

All else being equal, we are bullish on companies with accelerating revenue growth (or at least modest deceleration off of a high base), expanding margins, and high rates of free cash flow generation.

Some seven years after having heard the same “all else being equal” rider in any assumptions that are made about economic/financial models during my graduation years, it still gives me that odd ‘er?’ feeling in my mind to hear it all over again. The thing about human (and market) conditions is that all else is never equal, nor do they remain unchanged over time. I can’t believe that we still stick to the same canard even in this age and time.