Warren Buffett On How To Value A Business: Assign Yourself a Story

Warren Buffett’s ability to value a business is one of his greatest qualities. Indeed, it is this quality (among others) that has helped him establish the reputation he has today as an investor. Over the past seven decades, Buffett’s skill evaluating a business and buying aggressively when the time is right has generated tens of billions of dollars in profits for himself and shareholders of Berkshire Hathaway. Unfortunately, Buffett has never laid out his formula for investing. This is partly because investing is not a science, it is an art, and Buffett has spent decades refining his art. That being…