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This is horse shit:
"The classic factor investing strategy of picking stocks with cheap book valuation, embraced by the legendary Warren Buffett."
CNBC should know better. cnbc.com/2019/06/21/is-…
"The classic factor investing strategy of picking stocks with cheap book valuation, embraced by the legendary Warren Buffett."
CNBC should know better. cnbc.com/2019/06/21/is-…
Name a stock that Buffett has purchased since he bought See's Candies based on "cheap book value." Iscar? Apple? Precision CastParts? Lubrazoil?
"Book value at most companies differs widely from intrinsic business value – the number that really counts for owners.”
"If we gain a million policyholders at GEICO, that actually adds a billion-and-a-half to intrinsic value, and it doesn’t add a dime to book value."
"If we gain a million policyholders at GEICO, that actually adds a billion-and-a-half to intrinsic value, and it doesn’t add a dime to book value."
