Warren Buffett has pointed out that book value can significantly misstate the intrinsic value of a business. He prefers using intrinsic value, "the discounted value of the cash that can be taken out ...
Warren Buffett is putting more faith in the market when it comes to valuing Berkshire Hathaway (BRK-A, BRK-B). In his latest letter to Berkshire shareholders published Saturday morning, Buffett said ...
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