Beware Of Geeks Bearing Formulas.

The Reaction Of Weak Management To Weak Operations Is Often Weak Accounting.

Do Not Take Yearly Results Too Seriously. Instead, Focus On Four Or Five-year Averages.

Possessing A Powerful Worldwide Brand Is Essential For Sustained Success.

Intrinsic Value Can Be Defined Simply: It Is The Discounted Value Of The Cash That Can Be Taken Out Of A Business During Its Remaining Life. The Calculation Of Intrinsic Value, Though, Is Not So Simple. As Our Definition Suggests, Intrinsic Value Is An Estimate Rather Than A Precise Figure, And It Is Additionally An Estimate That Must Be Changed If Interest Rates Move Or Forecasts Of Future Cash Flows Are Revised.

We've Seen What Can Be Accomplished When We Use 50% Of Our Human Capacity. If You Visualize What 100% Can Do, You'll Join Me As An Unbridled Optimist About America's Future.