Buy businesses at a discount to their intrinsic value from "summary" of Buffettology by Mary Buffett,David Clark
The essence of successful investing, according to Warren Buffett, lies in purchasing quality businesses at a price below their intrinsic value. In other words, investors should seek out companies that are trading at a discount to what they are actually worth. In order to determine a company's intrinsic value, investors must closely examine its financial statements, competitive position, and future potential. By analyzing these factors, investors can estimate the true value of a business, which may differ from its current market pri...
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