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Warren Buffett: Book Value Does Not Matter When Analyzing Stocks

The Long-Term Investor 59 views

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Focus on cash flow, competitive advantage, and earnings power instead This is valid for quality investing
Comment from : @mike_valueinv

Look like ai voice
Comment from : @meet4253

Look at stocks like a business Okay So when I'm buying a business, book value doesn't matter?
Comment from : @storiesreadaloud5635

book value does matter and will make you millions if you are going to takeover the company and there is no controlling shareholder
Comment from : @acequisition

Buffett is generalizing way too much in this video at 530 , He says projections don't make any sense and they don't review any projections yet he is projecting future earnings So you do your thing Learn from people but don't blindly follow
Comment from : @tx2023pwr

Ur years of genius doesnt work its your years of gutache that works❤❤
Comment from : @shankarbalakrishnan2360

Three important aspects:br1) your attitude towards stock marketbrChapter 8 of Intelligent Investor bookbr2) Margin of safety principle br3) looking at stocks like businesses
Comment from : @prafulc7201

And yet Warren evaluates himself by Berkshire book value, not by Berkshire stock price Ha!
Comment from : @Stashley78

There is no value in anything if valued so do it without value❤❤🎉🎉
Comment from : @shankarbalakrishnan2360

What about for book value specifically for insurance companies?
Comment from : @MyExcellentOpinion

It's true came here wanting to believe in people im more busy unbelieving people❤❤🎉🎉
Comment from : @shankarbalakrishnan2360

It’s from selling that weaving loom at auction for pennies on the dollar that he learned book value is just 💩
Comment from : @LivingWithGout

Huh? He'd rather look at businesses with higher multiples because they're more likely to be better companies That's not value investing
Comment from : @Mike-qo9hg

what year was this meeting?
Comment from : @connorpaul1228

Thank thank u so Mach
Comment from : @mohammedwaheeduddinafsar9482

Buffet is using the example of a dying business growing at 5 on it's book value from the perspective of an investor with significant capital The 5 figure is key here For new investors with small amounts of capital to invest, turning over rocks and finding some businesses with a low P/B value can be extremely rewarding Particularly small caps However investing large capital into dying businesses from Buffetts situation simply does not make sense The thing people are missing here is context - every investor is different
Comment from : @importedmusic

This is not true when evaluation banks stocks though correct?
Comment from : @nickstearns4007

👁you looking sharp 👹👌
Comment from : @surujpaulramlogan8464

o it does count do to it was idenity theft data breach
Comment from : @brack8n81

I have been working in a major IT company for many years and every report I created for business planning meeting was designed to align with my bosses gut feel Projections are like anecdotal evidence, which can provide anything you wish
Comment from : @peterfmodel

Book value is an accounting term And even accountants don't use it any more (and haven't for a long, long time) If you're investing, there are countless better metrics for evaluating the value of an economic enterprise - but the bottom line is if you are investing, what matters is your belief about what is likely to happen in the future, not what has happened in the past
Comment from : @chuckschillingvideos

Does charlie ever do fk all
Comment from : @mrretired2715

The book he recommends says book value per earnings are important
Comment from : @mrretired2715

Surely buffet does not buy high price on good business
Comment from : @econusantara

So, just buy strong companies that you like and hold them
Comment from : @SpyderRae

I would like to add 1 more bookbr1 Playbook To Millions
Comment from : @Rafael-rf1sp

3:54 " we have never looked at a projection"brHow can WB value FUTURE cash flows discounted back (at the cost of capital) WITHOUT calling that a projection?brIf that is not a projection, I dont know what is!br This is nonsensebrOf course he does Nobody has a crystal ball And he f****ks up just like we all do (just look at Dexter Shoe, or even BH before that)
Comment from : @QQQQQman