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Investment Analysis Clubs / The BMW Method


Subject:  Re: My view of the Current Market - Expensive! Date:  8/26/2007  11:02 AM
Author:  GrahamInv Number:  26550 of 42233

Denny...The Intelligent Investor is far better than Security Analysis, and more germane to modern value investing.

The concept of "intrinsic value" is a Utopia, not something that you can buy or sell in the market:

I have to take issue with that, because we can just as well say that the concept of "Average CAGR" is also a Utopia and we could grow old and die waiting for the price to get back there.
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