Investors should not rely on complex spreadsheets to calculate a business's intrinsic value, but should instead focus on three to five variables and possible outcomes according to highly renowned value investor Mohnish Pabrai.
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Speaking at a Google Talk on Value Investing in June 2014, Pabrai told his audience that investing is an "uncertain exercise," which makes it very difficult to predict with any certainty where a company will be five or ten years from now. As...
