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August 18, 2022

warren buffett profit performance measurement

Book value as proxy for intrinsic value

In his annual letter (February 26, 2011) to Berkshire Hathaway shareholders for Year 2010, chairman Warren Buffett shared his and Charlie Munger’s thoughts on intrinsic value as a measurement of performance: “Charlie and I believe that those entrusted with handling the funds of others should establish performance goals at the onset of their stewardship. Lacking

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