Understanding Intrinsic Value and Why Different Businesses Deserve Different Valuations

By admin | Jan 21, 2009

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Readers of this site know that I’m an unabashed, dyed-in-the-wool value investor. Yet, a mistake many people tend to make is to associate this with only buying low price-to-earnings ratio stocks. While this approach has certainly generated above-average returns over long-periods of time (see Tweedy, Browne & Company’s publication What Has Worked in Investing), it [...]