AUDIENCE MEMBER: Yes. Mr. Buffett, good morning. My name’s Ed Walzak (PH) from New York. I’m a student and an admirer of your investment philosophy. I have a question. In determining a company’s intrinsic value, you seem to write or indicate that you project out a company’s owner earnings for a number of years, and then discount that back by prevailing rates.
1996: What is Buffett's discount rate?
1996: What is Buffett's discount rate?
1996: What is Buffett's discount rate?
AUDIENCE MEMBER: Yes. Mr. Buffett, good morning. My name’s Ed Walzak (PH) from New York. I’m a student and an admirer of your investment philosophy. I have a question. In determining a company’s intrinsic value, you seem to write or indicate that you project out a company’s owner earnings for a number of years, and then discount that back by prevailing rates.