Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

1998-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Estimating Intrinsic Value for Capital Intensive Companies

This chapter explores the estimation of intrinsic value for capital intensive companies, considering the impact of heavy expenditures on future free cash flow. The speaker emphasizes wise investment decisions, growth in cash development, and the importance of avoiding businesses where cashback is an illusion.

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