The misconception that Intangibles and Goodwill are more important in the valuation of Technology and "Growth" companies is almost a century old.
(Images 3/4 have identical quotes)
Very similar to how Peter Thiel published "Zero to One", almost a century later; using notes from a student.
Also, Value Investing analyses based on The Intelligent Investor (by Benjamin Graham), as recommended by Warren Buffett, for:
1. Tesla Inc (TSLA)
2. Walmart Inc (WMT)
A Value Investing analysis based on The Intelligent Investor by Benjamin Graham, as recommended by Warren Buffett, for:
1. Salesforce Inc (CRM)
2. Dell Technologies Inc (DELL)
3. Snowflake Inc (SNOW)
4. Micron Technology Inc (MU)
https://t.co/OSutvXcW0s
https://t.co/dvStJLNpnZ
Warren Buffett said at the 1997 Berkshire Hathaway Annual Meeting:
“Ben Graham used the example of ‘Mr. Market’… who comes around every day and offers you a price... is a heavy-drinking manic depressive. The crazier he is, the more money you’re going to make.”
A Value Investing analysis based on The Intelligent Investor (by Benjamin Graham), as recommended by Warren Buffett, for:
1. Chipotle Mexican Grill Inc (CMG)
2. Home Depot Inc (HD)
3. Qualcomm Inc (QCOM)
4. NVIDIA Corp (NVDA)
https://t.co/sB1Hx5uSYt
https://t.co/E3qXviKsvP
1. Invest you must.
2. Give yourself all the time you can.
3. Have rational expectations about future returns.
4. Rely on simplicity.
5. Stay the course.
— John Clifton "Jack" Bogle, World Affairs Council of Philadelphia (1997).
"In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand."
— Benjamin Graham, Chapter 7: Portfolio Policy for the Enterprising Investor: The Positive Side, The Intelligent Investor.
"Medius tutissimus ibis
You will go safest in the middle course
I think this principle holds good for investors and their security analyst advisers."
— Benjamin Graham, Appendix 4: The New Speculation in Common Stocks, The Intelligent Investor.
"... buy wisely when prices fall sharply and to sell wisely when they advance a great deal. At other times he will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies."
— Benjamin Graham
Benjamin Graham — author of The Intelligent Investor, founder of Value Investing, and Warren Buffett's mentor — was absolutely against Stock Trading: https://t.co/GdHyinXOgG
The logical flow of grading a stock is more complex than one might think. The system tries to assign the highest possible Intrinsic Value to each stock, or to leave it at the highest possible Graham Grade - https://t.co/aZE0dwoJxK
#ValueInvesting#WarrenBuffett#StockMarket