[My Takeaway]
"The numbers in any accounting report mean nothing, per se, as to economic value. They are guidelines to tell you something about how to get at economic value. But they don’t tell you anything. There are no answers in the financial statements. There are guidelines to enable you to figure out the answer. And to figure out that answer, you have to understand something about business." ~Warren Buffett
[Berkshire Hathaway 1992 Annual Letter]
https://www.berkshirehathaway.com/letters/1992.html
[Full Videos of Berkshire Hathaway Annual Meeting 1994]
https://buffett.cnbc.com/1994-berkshire-hathaway-annual-meeting/
[ABOUT - Collection: Warren Buffett]
Whenever, I search up on fund managers that practice value investing. All of them done 1 common thing that is, they study whatever they can about Warren Buffett from his annual letters, annual meeting or even interviews. Hence, I decided to do the same and share it together with all of you so that we can learn and grow together :)
[My 2 Cents]
Spent hours thinking about it (intrinsic value) which turns my brain upside down and hence, I concluded for myself that everyone has their own valuation methods so choose what works for you :p