TAVF, on the other hand,
analyzes different businesses differently, ranging from
analyzing strict
going concerns by giving heavy weight to earnings power,
as for example AVX or Nabors; to
analyzing businesses which are really investment companies masquerading
as something else.
Warren Buffett understood, through rational analysis what the
going -
concern liquidation value of the business was and was also able to rationally
analyze an intrinsic value for the business, assuming it would continue
as a whole entity.