Letters by Topic
Letters on Intrinsic Value
The true underlying value of a business, determined by the discounted value of the cash that can be taken out of the business during its remaining life.
1977·First systematic explanation of intrinsic value calculation
We believe that there is a fundamental concept that all investors should understand: intrinsic value.
1989·Discussion of the limitations and art of valuation
Intrinsic value is an estimate rather than a precise figure.
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Intrinsic Value is one of the ideas behind the ValueOS tools. See it applied to real companies.