Buffett himself said that intrinsic value will differ since it has a judgement component. Judgement is developed thru experience. Also there is a circle of competent that differs. The outcome varies.
In addition, humility is rare in investors. Smart people have tendency to delude themselves better.
Berk also has an advantage that we don't have. Insurance float. That amps up Berkshire's performance.
It is rare to have that combination of skills and setup.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments