[My Takeaway]
Book Value ≠ Intrinsic Value
[Full Videos of Berkshire Hathaway Annual Meeting 1996]
https://buffett.cnbc.com/1996-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]
If you are investing in a company for long term, the intrinsic value of a company does not equal to the book value/breaking value because the business operation will still be running and generating cash flow for a long time.