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Berkshire Hathaway Letters to Shareholders: 1965-2024, by Warren Buffett

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We define intrinsic value as the discounted value of the cash that can be taken out of a business during its remaining life.
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Berkshire Hathaway Letters to Shareholders: 1965-2024
Berkshire Hathaway Letters to Shareholders: 1965-2024
by Warren Buffett
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