Originally Posted by
mistaTea
Just to be clear…
Though you keep saying the value of a business is it’s DCF (absolutely correct)…
Correct
You have confirmed that you are unable to do a DCF for OCA. That is beyond your ability.
Correct - No human alive or dead can do it, Buffett would tell you he couldn't and if he and Charlie (while he was alive) tried they would come up with different numbers.
The implication being that you do not know what the business is worth.
Not exactly - nobody does, but reasonably close.
Your argument being that you don’t need to know what it is worth, because you have a strong sense of what it is NOT worth (the current SP).
No that is not my argument. I have rough estimate of what it's worth to me using my discount rate. I don't need to know precisely what it's worth. I have a strong sense that it's not worth current SP, but you stretch this to me saying I have no idea what it's worth which is wrong.
Just in the same way that you can fat shame someone without knowing their exact weight.
That does sum it up, correct?