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 ...
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Buffett's Simple Test: How to Avoid Being Misled by Book Value in Assessing a Company's Worth
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 ...
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