Quote Originally Posted by Snoopy View Post
I did think of asking you where you got the quote from SSD, before I guessed that I might be able to google it myself and find out. Your statement that Buffett doesn't use different discount factors for different companies was 100% correct. But any implication that he does in fact treat all companies exactly equally from an evaluation perspective (a dollar is a dollar) was not. That is why I saw the context as important.

Likewise I would not dispute that Warren is capable of doing his future cashflow projections and valuation fairly accurately. But that isn't the same as claiming that Warren does this on every investment he makes. I suspect Warren , given his experience, can do a near enough calculation in his head.

SNOOPY
Well I'm not here to prove anything. I just post here to offer anything that might be helpful, useful, or fun.

I know and you know you are right.

KIS while waiting for the fat pitches.