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The Fundamentals of a Business - How to Estimate Integer Value
The idea behind the method is that you would take the financial information that's available to everyone and come up with an estimation of intrinsic value. And then you would go out into the market and look for these situations where there was a large discrepancy. Now here's the problem. As Benjamin Graham famously said, in the short run, the market is a voting machine. But in the long run, it's a weighing machine.