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warren buffett on intrinsic value

Berkshire Hathaway

Warren Buffett on intrinsic value

April 25, 2018

“Intrinsic value is an all-important concept that offers the only logical approach to evaluating the relative attractiveness of investments and businesses,” Warren Buffett said in the 2016 Annual Report of Berkshire Hathaway. “Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during…

Management

Book value as proxy for intrinsic value

December 6, 2014

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…