"If you don't find a way to make money while you sleep, you will work until you die."
"Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised."
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Source: Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.220, John Wiley & Sons
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