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From Buffetts perspective, what is intrinsic value? Why is it accorded such importance? How is it estimated? What are the alternatives to intrinsic value? Why

  1. From Buffetts perspective, what is intrinsic value? Why is it accorded such importance? How is it estimated? What are the alternatives to intrinsic value? Why does Buffett reject them?
  2. Critically assess Buffetts investment philosophy. Be prepared to identify points where you agree and disagree with him.

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