Evaluating the intrinsic value of a business is more of an art than a science. And no one knows more about valuing businesses than the Oracle of Omaha, Warren Buffett.
Q2 2023 hedge fund letters, conferences and more
Over the past six decades, Buffett has built and refined his investing process. He's moved away from buying cheap stocks to buying high-quality businesses trading at a discount to his estimate of intrinsic value.
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