Fri, Mar 6, 2015, 9:46 AM EST - U.S. Markets close in 6 hrs 14 mins


% | $
Quotes you view appear here for quick access.

The Coca-Cola Company Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • Novalis_97 Novalis_97 Apr 3, 1998 10:33 PM Flag

    Buffett on Value

    I never said a dealer's invoice had anything to do with intrinsic value. I said that KNOWING WHAT THE INVOICE IS helps you determine whether you're paying a fair price for the car or paying too much. Similarly, knowing the intrinsic value of a company's stock before you buy it helps you determine whether you're buying the stock at a bargain or overpaying. This is a very simple concept.

    Believe me (I used to sell cars), it is to the salesman's advantage that you not know the car's invoice. On the other hand, it is to the car buyer's huge advantage to know the car's invoice when negotiating a price.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
42.035-0.365(-0.86%)9:46 AMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.