Before making an investment, you should ask yourself, what is the company worth?
That might seem like a silly question, but it's the core of Warren Buffett's investment philosophy.
It's all too easy to assume that a company is worth what the market says it is. Supporters of the efficient markets theory believe that a public company's current market value reflects all publically available information, and therefore, there's no sense trying to buy it at a cheaper price.
Following in the footsteps of Warren Buffett with Hidden Value Stocks
But Buffett is a well-known critic of efficient markets, and he believes you should always ask yourself what would you be willing to pay for the businesses as a whole when...
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