Sentences with phrase «intrinsic value over time»

But that's exactly what I've finally come across: A business that offers reasonable (i.e. non-threatening) leverage, low expenses, a substantial discount to intrinsic value, and guaranteed & uncorrelated returns that will significantly increase that intrinsic value over time.

Using historical drivers of returns (i.e. historical operating profits, market value of investments, interest rates, etc.) we can assess how Berkshire's stock has tracked a derived intrinsic value over time.

My solution: All I want is a low risk & uncorrelated investment which guarantees significant increases in intrinsic value over time.

This is always a debate among value investors: Is it better to look for asset based investments like Graham / Schloss and other deep value school, or is it better to strive for great businesses at reasonable prices that are almost certain to compound intrinsic value over time?

He thought that the bank was a high quality bank that was growing intrinsic value over time.

For undervalued businesses, market value catches up to intrinsic value over time.

Now, both are quite different... one I would categorize as a company that will likely grow intrinsic value over time, the other is a special situation.

Just keep it simple, look for obvious situations that you can understand, and try to find businesses that will grow intrinsic value over time that produce stable free cash flow and high returns on capital that are available at cheap prices.

As you know from reading, I love cheap stocks, and many of them are unloved cheap stocks with temporary problems, but I'd rather own a business that can grow its intrinsic value over time, because my margin of safety increases over time and gives me more room for error in my analysis work.

I wanted to flag a point here — Mean Reversion in Graham's concepts is in the context of Mr. Market — that an individual stock price will revert to its own intrinsic value over time, regardless of the vagaries of the market.

And we will do our best to optimize the returns of the Oakmark Global Fund by purchasing undervalued companies that are growing their intrinsic value over time and that are managed by individuals who think and act like long - term owners of the business.

This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it's there, it may be hard to fall back down into an attractive buying range again.

We continue to do our best to optimize the returns of the Fund by purchasing undervalued companies that are growing their intrinsic value over time and that are managed by individuals who think and act like long - term owners of the business.

Not exact matches

Once it gets up to a certain amount you can have fun with it and buy items of intrinsic wealth that continue to increase value over time, such as gold, silver or platinum... Antique jewelry and sterling silver are examples of intrinsic wealth that also have the added bonus of contributing something beautiful to your life.

Very simply, they are high quality businesses that can grow their intrinsic value at high rates of return over long periods of time.

A business that can grow intrinsic value at say 12 - 15 % over an extended period of time will create enormous wealth for its owners over time, regardless of what the economy does, or what the stock market does, or what earnings multiples do, etc...

Gold is the only currency that retains its buying power over time — it has intrinsic value.

Given your belief that Berkshire's intrinsic value continues to exceed its book value with the difference continuing to widen over time, are we at a point where it makes sense to consider buying back stock at a higher break point that Berkshire currently has in place and would you ever consider stepping in buying back shares that did dip down below 1.2 times book value per share even if that prior years» figure had not yet been released?

A: Glass Lewis Realizable Pay is calculated over a three - year period and includes: actual salary received; actual incentive cash granted and earned; the intrinsic value of time - vesting equity granted; the intrinsic value of performance - based equity granted and earned; and all other compensation paid.

A careful selection of a few investments having regard to their cheapness in relation to their probable actual and potential intrinsic value over a period of years ahead and in relation to alternative investments at the time;

The firm's success over time has been due to his and his team's ability to identify companies trading at a significant discount to intrinsic value.

Their intrinsic value to an investor, is what those assets can produce over time, relative to the price paid.

«Over time, of course, market price and intrinsic value will arrive at about the same destination.

Over time, however, stock prices and intrinsic value almost invariably converge» Warren Buffett

You want to get to high growth, where intrinsic value increases over time.»

When an option loses its time value, the intrinsic value is left over, which is equivalent to the difference between the strike price less the stock price.

As you can see, the intrinsic value of the enterprise (as evidenced by the compounding net worth and earning power) has compounded very nicely over a long period of time, which has led to similar returns for shareholders.

In the examples cited (AZO, NVR, etc...), the cannibalization created value because shares were bought in at discounts to intrinsic value over long periods of time.

Greenberg basically said that he wanted to construct his portfolio in such a way that a 1987 type crash (down 25 % in one day) would not worry him because the quality of the companies in his portfolio gave him confidence that despite their lower quotational values, their intrinsic values would increase over time, thus providing him with a margin of safety (time was his friend).

Very few businesses will compound their intrinsic value at 20 % over long periods of time (or even 15 %).

Intrinsic value can appreciate over time as earnings grow and the company becomes more profitable.

An increase over time in share price doesn't mean the market will force a value stock to reach its intrinsic value either.

And one way to think about it is this: As long as you are paying a fair price for Markel — one that is equal or below intrinsic value — and Markel can grow intrinsic value at 12 - 14 % per year, then you should expect 12 - 14 % shareholder returns over a long period of time.

I have a chunk of time value left to expire over the next two and a half months and a decent amount of intrinsic value left in some of my options that are in the money.

As long as they can continue to achieve profitability in their underwriting and can find ways to invest their portfolio at the same return over time, they'll continue to create the same returns on equity and the same growth in intrinsic value.

For example if a company had a ROE 20 % and can reinvest 100 % of their earnings, and earnings will grow at 20 % over time, then will intrinsic value of the business also approximate this 20 % annual growth rate?

Pretty simple... if the business has an ROIC of 20 % and can reinvest 100 % of their earnings, then earnings will grow at 20 % over time, and the growth of the intrinsic value of the business will also approximate this 20 % annual growth rate.

Equity Schemes Our investment philosophy for equity - oriented investments is based on the belief that over time stock prices reflect their intrinsic values.

The point is that intrinsic value will inevitably manifest over time.

The goal is to buy companies for less than their intrinsic value over a long period of time.

We see for the first time in June 2016 that the S&P Intrinsic Value Weighted Japan Index underperformed the S&P Japan BMI over a rolling five - year period.

It's understanding productive assets and their likely intrinsic value; how they may or may not compound in intrinsic worth over a long time horizon.

Now, much of the time, one would usually expect intrinsic values to change pretty slowly over the course of a year — after all, most news is really just noise, when you boil it down.

The principal risks of investing in the Funds are: stock market risk (stocks fluctuate in response to the activities of individual companies and to general stock market and economic conditions), stock selection risk (Fenimore utilizes a value approach to stock selection and there is risk that the stocks selected may not realize their intrinsic value, or their price may go down over time), and small - cap risk (prices of small - cap companies can fluctuate more than the stocks of larger companies and may not correspond to changes in the stock market in general).

Given your belief that Berkshire's intrinsic value continues to exceed its book value with the difference continuing to widen over time, are we at a point where it makes sense to consider buying back stock at a higher break point that Berkshire currently has in place and would you ever consider stepping in buying back shares that did dip down below 1.2 times book value per share even if that prior years» figure had not yet been released?

Of course, the stock market's the best place to be long - term, despite its gyrations — and insisting on buying at value prices (preferably on stocks which continue to compound their intrinsic value) can work to your advantage enormously over time.

Because you have to revise your assumptions from time to time to reflect business and market conditions, intrinsic value fluctuates over time, and it can go up or down.»

I think the more Munger influence of buying high - quality business over time that compound because of that convergence between stock price and intrinsic value is probably even more of a fundamental tenant of our process.

If a security is a stream of cash flows, returning those flows to shareholders over time (dividends, buybacks) will drive the stock price and help it trade (up presumably) with intrinsic value.

This means higher returns for the investment portfolio over time, and it means above average book value compounding, which correlates over time with the intrinsic growth in value of the enterprise.