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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Graham Osborn who wrote (61606)	1/2/2019 5:04:36 AM
From: bruwin	Read Replies (1) \| Respond to of 78763

And I would say rather base one's assessment of a company on more "tangible facts" such as those appearing in its ADEQUATELY AUDITED Financial Statements, rather than to enter into some degree of "guesswork" in order to choose a suitable Interest Rate, be it on the "upside" or the "downside", in order to apply it to a mathematical formula in order to determine what amount of "Cash" may, or may not, accumulate over a very extended period of time. Whether or not one of the most successful Investors the world has known, dabbles in DCF, doesn't detract from the fact that the Interest rate is based on a degree of Guesswork. I would say that the Investment Strategy that Buffett uses, as presented by David Clark, is likely to provide one with a far more rewarding end result than calculating Future Cash Flows .....