Warren Buffett: How to calculate intrinsic value

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In the same speech about "integrity" - “you can't change the way you were wired much, but you can change a lot of what you do with that wiring. And it's the habits that you generate now on those qualities, or those negatives qualities.” “I mean the person who always claims credit for things they didn't do, that always cuts corners, that you can't count on. In the end those are habit patterns, and the time to form the right habits is when you're your age.” “Ben Graham looked around and he said, "Who do I admire?" And he wanted to be admired himself and he said, "Why do I admire these other people?" And he said, "If I admire them for these reasons, maybe other people would admire me if I behave in a similar manner." #investing #investment

So wise. No shame in saying a company is too hard for you. "If you can't answer that question, you can't buy the stock. You can gamble in the stock, if you want to. Or your neighbors can buy it ... All kinds of companies I can't answer for, but I just stay away from those."

Buffet's way is👍. How much do you get? When do you get it? and how sure are you? I think where people have trouble is "how sure are you?" New markets are hard because you have less info for potential than for established markets. Without info it's hard to avoid your own biases.

Lovely, thanks @BrianFeroldi ! That was a classic one

If you listen carefully, he’s basically saying Intrinsic Value is a guesstimate…an unknowable quantity in an absolute sense. It’s in the eye of the beholder, or analyst. A good sanity check I always do is to back solve to a range of revenue and margin growth estimates…contd…

brilliant speech about intrinsic value !!👏👏

This is outstanding. Excellent find Brian.

It's incredible how we get to access such powerful and intelligent people so easily - and for free nowadays We are very blessed to live in this time

It’s like listening to a fine symphony for me. Thanks. More, please