Saturday, May 2, 2009

Free Cash Flow

Buffett said the following at today's Berkshire Shareholders meeting in response to a question about Free Cash Flow...


"Investing is about laying out cash to get more cash later. If you need a computer or calculation to figure it out you shouldn't buy it".

All the formulas, ratios, and detailed spreadsheets in the world will not help you understand many of the intangible qualities that matter far more in investing.


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