Question: What is the definition of Value vs. Growth stocks? Warren Buffett: No two distinct categories of business. PV of cash a company generates is what the business is worth. No distinction in our mind between growth & value. All decision you decide how much value you are going to get. When we buy a […]
Tag: value investing
Value & Growth: The Two Approaches Are Joined At The Hip
In the Chairman’s Letter of 1992 from Warren Buffet I found this small excerpt on his view about value, growth and using discounted cash-flow analysis. I felt like the writing must have light shed on it and be shared with others as it resinated with me, as does most of Buffett’s writings and insight. I […]
The Superinvestors of Graham-and-Doddsville
By Warren Buffett This article is published in the Fall, 1984 issue of Hermes, Columbia Business School magazine. It was based on a speech given on May 17, 1984 at the Columbia University School of Business in honor of the 50th anniversary of the publication of Benjamin Graham and David Dodd’s book Security Analysis. Is the Graham and Dodd […]
Buffett’s Advice to New Investors
Question: What advice would you give to new investors? Warren Buffett: I think you should read everything you can. In my case, by the age of 10, I’d read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense. […]