tag:blogger.com,1999:blog-7294165939647321702.post4793174008454390116..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Even Buffett Isn't Perfect: Chapter 2Saj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7294165939647321702.post-1579692094888517142010-08-11T23:10:57.694-04:002010-08-11T23:10:57.694-04:00I'm not even sure if Buffet really does a calc...I'm not even sure if Buffet really does a calculation for something like that because no matter what the numbers he comes up with are not gonna be any more reliable than a gut feeling and a prediction from just eyeballing the companies past cash flows,revenue, and underlying growth strategies.Unknownhttps://www.blogger.com/profile/17851195867725995338noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-6098719035094961812009-03-09T03:37:00.000-04:002009-03-09T03:37:00.000-04:00Hi Anon,I have no idea how many years Buffett uses...Hi Anon,<BR/><BR/>I have no idea how many years Buffett uses. Many people try to use 5 or 10 and then add some terminal value, but the real key is understanding the business (circle of competence) so that you can see the risks to that cash (and account for them) and also to choose companies which have stable earnings, as this reduces uncertainty going forward (as compared to a company with wildly fluctuating earnings because of its operating environment or competitors etc)Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-71610047313717525852009-03-08T19:32:00.000-04:002009-03-08T19:32:00.000-04:00Any idea on how many years out does Buffett or inv...Any idea on how many years out does Buffett or investors on average project out the cash flows?Anonymousnoreply@blogger.com