Video Link: https://youtu.be/zzpHMmHuVhc
[My Takeaway]
Liquidating value ≠ closing up the enterprise.
The simple idea of opportunity cost in investing -starts from 6:15-
"If you attempt to assess intrinsic value, it all relates to cash flows. The only reason for putting cash into any kind of an investment now is because you expect to take cash out. Not by selling it to somebody else, because that’s just a game of who beats who, but, in a sense, by what the asset, itself, produces." ~Warren Buffett
[Full Videos of Berkshire Hathaway Annual Meeting 1997]
https://buffett.cnbc.com/1997-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 :)
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[My 2 Cents]

This video clearly explained;
What is intrinsic value?
What is investing?
What is an investment?
Why you should concentrate your portfolio?