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“Intrinsic value is an estimate of the future cash and earning power of a business over its expected lifetime.”

L.J. Rittenhouse, Buffett's Bites: The Essential Investor's Guide to Warren Buffett's Shareholder Letters
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Buffett's Bites: The Essential Investor's Guide to Warren Buffett's Shareholder Letters Buffett's Bites: The Essential Investor's Guide to Warren Buffett's Shareholder Letters by L.J. Rittenhouse
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