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#47 Adam Robinson: Winning at the Great Game (Part 1)

The Knowledge Project with Shane Parrish

CHAPTER

The Metaphysics of Investing

The most common formf of investment approach is called fundamental analysis. It was invented by benjamin graham and his co author, dod back in 19 34. He defines intrinsic value as that value justified by the facts. But there's not one formula for determining it. And the reason he can't define it is there's no such thing as true value.

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