The gasflowrate is important tomoltensteelflow and distributionof gas volume fraction. Toolargeortoo small gas flow rateisharmful to molten steel flow.
Bullard seems to agree, even though he does suggest the flowrate, or pace, of asset purchases, should be the way for them to signal their intentions to markets.
The value of any such asset (real estate, stock share, or bond) is the sum of the future stream of cash flowor benefits, discounted by the interest rate.
If a firm can deploy the incremental dollar of cash flow at a rateof return greater than its cost of capital, it should pursue acquisitions or internal capital projects, as these methods will be the fastest way to build shareholder value.