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The definition of intrinsic value comprises everything you mention and more, such as strength of companies moats. I didn’t want to write a dissertation. And th
by valuearb 6y ago
The definition of intrinsic value comprises everything you mention and more, such as strength of companies moats. I didn’t want to write a dissertation.
And the least important factor for long term value is strength of management. GE was renowned as the greatest managed company in the world before Immelt. You want a business any idiot can run, because eventually one will.