Re:The age-old strategy of buying cheap shares is faltering
by valuearb on Saturday September 19, 2020 @12:34PM
(#24528618)
The definition of intrinsic value comprises everything you mention and more, such as strength of companies moats. I didn’t want to write a dissertation.
And the least important factor for long term value is strength of management. GE was renowned as the greatest managed company in the world before Immelt. You want a business any idiot can run, because eventually one will.
And the least important factor for long term value is strength of management. GE was renowned as the greatest managed company in the world before Immelt. You want a business any idiot can run, because eventually one will.