Previously, we examined Warren Buffett and Bill Ruane’s RJR stock investments in the early 1980s. [LINK] [LINK]. The stock was deeply undervalued when they started buying it. But the question remains - How does Warren Buffett decide a potential investment is undervalued?
Thanks for sharing Gene, great article. What was the PE ratio of RJR back in early 80s when Buffett bought and thought he was getting a 100% near term return for the tobacco business part?
This was beautiful gene,thanks
Thanks for sharing Gene, great article. What was the PE ratio of RJR back in early 80s when Buffett bought and thought he was getting a 100% near term return for the tobacco business part?
This article you perfectly captures Buffet’s simple investment strategy and the main reason why he has such a long term successful investment return.
Good advice for investors (think about what can go wrong) and for everyone (question one’s assumptions). Thank you!