Daily Archives: December 17, 2014

Is there such as thing as “intrinsic value?”

I’ve been re-reading Howard Marks’ The Most Important Thing (which is excellent, of course) and an assumption he frequently relies on is the idea of “intrinsic value.” Marks is a portfolio manager and founder of Oaktree Capital Management.  He has a Warren Buffet/Ben Graham-esqe value style of investing. Popular among bottom-up value fund managers, the basic […]

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