1988 Valuation of Coca-Cola

1988 Valuation of Coca-Cola

Author: Bud Labitan

Publisher: Lulu.com

Published: 2013-04-08

Total Pages: 40

ISBN-13: 1300916265

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For years, we have wondered how Warren Buffett valued Coca-Cola, (KO), stock at such a deep bargain in 1988. This book describes a simple two stage discounted cash flow model that delivers a close approximation. This exercise is our quantitative estimation of Coca Cola's Intrinsic Value Per Share in 1988. First, we describe our 2-stage "discounted cash flow" valuation model. Our estimating model is strict. It assumes a business will only "live" for 20 years. Within the model, we apply compounding growth to the first 10 years. Then, we assume a lower growth rate for years 11 till the end of year 20. Since intrinsic value is a highly subjective figure, readers can adjust their model to the quality of the business they wish to value. This book also describes the Warren Buffett secret of "Yield On Cost" when investing in a high quality business bargain.


Book Synopsis 1988 Valuation of Coca-Cola by : Bud Labitan

Download or read book 1988 Valuation of Coca-Cola written by Bud Labitan and published by Lulu.com. This book was released on 2013-04-08 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, we have wondered how Warren Buffett valued Coca-Cola, (KO), stock at such a deep bargain in 1988. This book describes a simple two stage discounted cash flow model that delivers a close approximation. This exercise is our quantitative estimation of Coca Cola's Intrinsic Value Per Share in 1988. First, we describe our 2-stage "discounted cash flow" valuation model. Our estimating model is strict. It assumes a business will only "live" for 20 years. Within the model, we apply compounding growth to the first 10 years. Then, we assume a lower growth rate for years 11 till the end of year 20. Since intrinsic value is a highly subjective figure, readers can adjust their model to the quality of the business they wish to value. This book also describes the Warren Buffett secret of "Yield On Cost" when investing in a high quality business bargain.


The Essential Buffett

The Essential Buffett

Author: Robert G. Hagstrom

Publisher: John Wiley & Sons

Published: 2002-08-19

Total Pages: 308

ISBN-13: 9780471227038

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Nach Veröffentlichung der beiden Titel "The Warren Buffett Way" und "The Warren Buffett Portfolio" stieg die Nachfrage nach einem Buch, das die Anwendung von Buffetts Methoden auf Aktien und Wachstumswerte genau erläutert. Dabei sollten auch seine bewährten und erprobten Investmentstrategien nicht zu kurz kommen. Buffetts Technik des Focus-Investing (Konzentration auf ausgesuchte Unternehmen) hat sich als außergewöhnlich erfolgreich erwiesen - bei konventionellen Werten. "The Essential Buffett" zeigt, wie diese Strategien auch auf Werte der New Economy angewendet werden können.


Book Synopsis The Essential Buffett by : Robert G. Hagstrom

Download or read book The Essential Buffett written by Robert G. Hagstrom and published by John Wiley & Sons. This book was released on 2002-08-19 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nach Veröffentlichung der beiden Titel "The Warren Buffett Way" und "The Warren Buffett Portfolio" stieg die Nachfrage nach einem Buch, das die Anwendung von Buffetts Methoden auf Aktien und Wachstumswerte genau erläutert. Dabei sollten auch seine bewährten und erprobten Investmentstrategien nicht zu kurz kommen. Buffetts Technik des Focus-Investing (Konzentration auf ausgesuchte Unternehmen) hat sich als außergewöhnlich erfolgreich erwiesen - bei konventionellen Werten. "The Essential Buffett" zeigt, wie diese Strategien auch auf Werte der New Economy angewendet werden können.


The Warren Buffett Way

The Warren Buffett Way

Author: Robert G. Hagstrom

Publisher: John Wiley & Sons

Published: 1997-04-07

Total Pages: 342

ISBN-13: 9780471177500

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The first in-depth look at the innovative investment and business strategies of living legend, Warren Buffett. National ads/media.


Book Synopsis The Warren Buffett Way by : Robert G. Hagstrom

Download or read book The Warren Buffett Way written by Robert G. Hagstrom and published by John Wiley & Sons. This book was released on 1997-04-07 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first in-depth look at the innovative investment and business strategies of living legend, Warren Buffett. National ads/media.


Inside the Investments of Warren Buffett

Inside the Investments of Warren Buffett

Author: Yefei Lu

Publisher: Columbia University Press

Published: 2016-08-09

Total Pages: 310

ISBN-13: 0231541686

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Since the 1950s, Warren Buffett and his partners have backed some of the twentieth century's most profitable, trendsetting companies. But how did they know they were making the right investments? What did Buffet and his partners look for in an up-and-coming company, and how can others replicate their approach? A gift to Buffett followers who have long sought a pattern to the investor's success, Inside the Investments of Warren Buffett presents the most detailed analysis to date of Buffet's long-term investment portfolio. Yefei Lu, an experienced investor, starts with Buffett's interest in the Sanborn Map Company in 1958 and tracks nineteen more of his major investments in companies like See's Candies, the Washington Post, GEICO, Coca-Cola, US Air, Wells Fargo, and IBM. Accessing partnership letters, company documents, annual reports, third-party references, and other original sources, Lu pinpoints what is unique about Buffett's timing, instinct, use of outside knowledge, and postinvestment actions, and he identifies what could work well for all investors in companies big and small, domestic and global. His substantial chronology accounts for broader world events and fluctuations in the U.S. stock market, suggesting Buffett's most important trait may be the breadth of his expertise.


Book Synopsis Inside the Investments of Warren Buffett by : Yefei Lu

Download or read book Inside the Investments of Warren Buffett written by Yefei Lu and published by Columbia University Press. This book was released on 2016-08-09 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1950s, Warren Buffett and his partners have backed some of the twentieth century's most profitable, trendsetting companies. But how did they know they were making the right investments? What did Buffet and his partners look for in an up-and-coming company, and how can others replicate their approach? A gift to Buffett followers who have long sought a pattern to the investor's success, Inside the Investments of Warren Buffett presents the most detailed analysis to date of Buffet's long-term investment portfolio. Yefei Lu, an experienced investor, starts with Buffett's interest in the Sanborn Map Company in 1958 and tracks nineteen more of his major investments in companies like See's Candies, the Washington Post, GEICO, Coca-Cola, US Air, Wells Fargo, and IBM. Accessing partnership letters, company documents, annual reports, third-party references, and other original sources, Lu pinpoints what is unique about Buffett's timing, instinct, use of outside knowledge, and postinvestment actions, and he identifies what could work well for all investors in companies big and small, domestic and global. His substantial chronology accounts for broader world events and fluctuations in the U.S. stock market, suggesting Buffett's most important trait may be the breadth of his expertise.


The Warren Buffett Way, 30th Anniversary Edition

The Warren Buffett Way, 30th Anniversary Edition

Author: Robert G. Hagstrom

Publisher: John Wiley & Sons

Published: 2024-04-16

Total Pages: 358

ISBN-13: 1394239858

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An insightful new take on the life and work of one of the world's most remarkable investors: Warren Buffett In the 30th Anniversary Edition of The Warren Buffett Way, celebrated author and investor Robert Hagstrom delivers the definitive version of his bestselling compendium of the investment strategies made famous by Warren Buffett. The Warren Buffett Way describes the twelve investment tenets of Warren Buffett's strategy called business-driven investing and his distinct approach to managing a portfolio of businesses. You'll learn how you can apply these same principles to building your own portfolio and find discussions on the psychology of long-term investing, its optimal benefits, and how to avoid the most common pitfalls and mistakes encountered by investors. This latest edition includes: A new author preface to complement the existing forewords from Peter Lynch, Bill Miller, and Howard Marks. Insights on how to achieve worldly wisdom advanced by Warren Buffett's longtime business partner Charlie Munger. Footnotes and references to academic work that supports and expands on Warren Buffett's investment approach and portfolio management. The complete Berkshire Hathaway common stocks portfolios from 1977-2021. An indispensable guide to the remarkable work and accomplishments of Warren Buffett, The Warren Buffett Way is a can't-miss resource for professional and individual investors who want to learn from the world's greatest investor.


Book Synopsis The Warren Buffett Way, 30th Anniversary Edition by : Robert G. Hagstrom

Download or read book The Warren Buffett Way, 30th Anniversary Edition written by Robert G. Hagstrom and published by John Wiley & Sons. This book was released on 2024-04-16 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insightful new take on the life and work of one of the world's most remarkable investors: Warren Buffett In the 30th Anniversary Edition of The Warren Buffett Way, celebrated author and investor Robert Hagstrom delivers the definitive version of his bestselling compendium of the investment strategies made famous by Warren Buffett. The Warren Buffett Way describes the twelve investment tenets of Warren Buffett's strategy called business-driven investing and his distinct approach to managing a portfolio of businesses. You'll learn how you can apply these same principles to building your own portfolio and find discussions on the psychology of long-term investing, its optimal benefits, and how to avoid the most common pitfalls and mistakes encountered by investors. This latest edition includes: A new author preface to complement the existing forewords from Peter Lynch, Bill Miller, and Howard Marks. Insights on how to achieve worldly wisdom advanced by Warren Buffett's longtime business partner Charlie Munger. Footnotes and references to academic work that supports and expands on Warren Buffett's investment approach and portfolio management. The complete Berkshire Hathaway common stocks portfolios from 1977-2021. An indispensable guide to the remarkable work and accomplishments of Warren Buffett, The Warren Buffett Way is a can't-miss resource for professional and individual investors who want to learn from the world's greatest investor.


The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition )

The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition )

Author: Bud Labitan

Publisher: Lulu.com

Published: 2014-03-25

Total Pages: 208

ISBN-13: 1304978184

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"The Four Filters Invention of Warren Buffett and Charlie Munger" examines each of the steps they perform in framing and making an investment decision. The author believes that Buffett and Munger expanded the field of "Behavioral Finance" by using this thoughtful and effective process. The genius of Buffett and Munger's four filters process was to capture all the important stakeholders in their decision making. Imagine... Products, Enduring Customers, Managers, and Margin-of-Safety... all in one mixed "qual + quant" formula.This second edition contains additional examples in this amazing process. This edition also contains the author's look into their 1988 valuation of Coca-Cola. Each chapter has additional specific examples. The author also discusses additional insights he has learned in the past five years since the first edition was released.


Book Synopsis The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition ) by : Bud Labitan

Download or read book The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition ) written by Bud Labitan and published by Lulu.com. This book was released on 2014-03-25 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Four Filters Invention of Warren Buffett and Charlie Munger" examines each of the steps they perform in framing and making an investment decision. The author believes that Buffett and Munger expanded the field of "Behavioral Finance" by using this thoughtful and effective process. The genius of Buffett and Munger's four filters process was to capture all the important stakeholders in their decision making. Imagine... Products, Enduring Customers, Managers, and Margin-of-Safety... all in one mixed "qual + quant" formula.This second edition contains additional examples in this amazing process. This edition also contains the author's look into their 1988 valuation of Coca-Cola. Each chapter has additional specific examples. The author also discusses additional insights he has learned in the past five years since the first edition was released.


Corporate Valuation Using the Free Cash Flow Method Applied to Coca-Cola

Corporate Valuation Using the Free Cash Flow Method Applied to Coca-Cola

Author: Carl McGowan

Publisher: Business Expert Press

Published: 2014-10-15

Total Pages: 61

ISBN-13: 1631570307

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The value of a corporation is the discounted present value of future cash flows provided by the company to the shareholders. The valuation process requires that the corporate financial decision maker determine the future free cash flow to equity, the short-term growth rate, the long-term growth rate, and the required rate of return based on market beta. This book provides a template for demonstrating corporate valuation using a real company—Coca-Cola. The data used in this book comes from the financial statements of Coca-Cola available on EDGAR. Other data are from SBBI, Yahoo! Finance, the U.S. Bureau of Economic Analysis, Stocks, Bonds, Bills, and Infla-tion, Market Results for 1926–2010, 2011 Yearbook, Classic Edition, Morningstar, and US Department of the Treasury.


Book Synopsis Corporate Valuation Using the Free Cash Flow Method Applied to Coca-Cola by : Carl McGowan

Download or read book Corporate Valuation Using the Free Cash Flow Method Applied to Coca-Cola written by Carl McGowan and published by Business Expert Press. This book was released on 2014-10-15 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The value of a corporation is the discounted present value of future cash flows provided by the company to the shareholders. The valuation process requires that the corporate financial decision maker determine the future free cash flow to equity, the short-term growth rate, the long-term growth rate, and the required rate of return based on market beta. This book provides a template for demonstrating corporate valuation using a real company—Coca-Cola. The data used in this book comes from the financial statements of Coca-Cola available on EDGAR. Other data are from SBBI, Yahoo! Finance, the U.S. Bureau of Economic Analysis, Stocks, Bonds, Bills, and Infla-tion, Market Results for 1926–2010, 2011 Yearbook, Classic Edition, Morningstar, and US Department of the Treasury.


Buffett Beyond Value

Buffett Beyond Value

Author: Prem C. Jain

Publisher: John Wiley & Sons

Published: 2010-03-29

Total Pages: 327

ISBN-13: 0470467150

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A detailed look at how Warren Buffett really invests In this engaging new book, author Prem Jain extracts Warren Buffett's wisdom from his writings, Berkshire Hathaway financial statements, and his letters to shareholders and partners in his partnership firms-thousands of pages written over the last fifty years. Jain uncovers the key elements of Buffett's approach that every investor should be aware of. With Buffett Beyond Value, you'll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why understanding CEOs is more important than studying financial metrics; and why you need an appropriate psychological temperament to be a successful investor. Reveals Buffett's multifaceted investment principles Discusses how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governance Highlights how you can build a diverse and profitable investment portfolio With this book as your guide, you'll learn how to successfully invest like Warren Buffett.


Book Synopsis Buffett Beyond Value by : Prem C. Jain

Download or read book Buffett Beyond Value written by Prem C. Jain and published by John Wiley & Sons. This book was released on 2010-03-29 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed look at how Warren Buffett really invests In this engaging new book, author Prem Jain extracts Warren Buffett's wisdom from his writings, Berkshire Hathaway financial statements, and his letters to shareholders and partners in his partnership firms-thousands of pages written over the last fifty years. Jain uncovers the key elements of Buffett's approach that every investor should be aware of. With Buffett Beyond Value, you'll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why understanding CEOs is more important than studying financial metrics; and why you need an appropriate psychological temperament to be a successful investor. Reveals Buffett's multifaceted investment principles Discusses how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governance Highlights how you can build a diverse and profitable investment portfolio With this book as your guide, you'll learn how to successfully invest like Warren Buffett.


The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition )

The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition )

Author: Bud Labitan

Publisher: Lulu.com

Published: 2014-03-05

Total Pages: 207

ISBN-13: 1304911977

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"The Four Filters Invention of Warren Buffett and Charlie Munger" examines each of the steps they perform in framing and making an investment decision. The author believes that Buffett and Munger expanded the field of "Behavioral Finance" by using this thoughtful and effective process. The genius of Buffett and Munger's four filters process was to capture all the important stakeholders in their decision making. Imagine... Products, Enduring Customers, Managers, and Margin-of-Safety... all in one mixed "qual + quant" formula. This second edition contains additional examples in this amazing process. This edition also contains the author's look into their 1988 valuation of Coca-Cola. Each chapter has additional specific examples. The author also discusses additional insights he has learned in the past five years since the first edition was released.


Book Synopsis The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition ) by : Bud Labitan

Download or read book The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition ) written by Bud Labitan and published by Lulu.com. This book was released on 2014-03-05 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Four Filters Invention of Warren Buffett and Charlie Munger" examines each of the steps they perform in framing and making an investment decision. The author believes that Buffett and Munger expanded the field of "Behavioral Finance" by using this thoughtful and effective process. The genius of Buffett and Munger's four filters process was to capture all the important stakeholders in their decision making. Imagine... Products, Enduring Customers, Managers, and Margin-of-Safety... all in one mixed "qual + quant" formula. This second edition contains additional examples in this amazing process. This edition also contains the author's look into their 1988 valuation of Coca-Cola. Each chapter has additional specific examples. The author also discusses additional insights he has learned in the past five years since the first edition was released.


Value-Based Metrics

Value-Based Metrics

Author: Frank J. Fabozzi

Publisher: John Wiley & Sons

Published: 2000-06-15

Total Pages: 304

ISBN-13: 9781883249762

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Investors, shareholders, and corporate leaders looking for an edge in today's New Economy are moving beyond traditional accounting yardsticks toward new means of gauging performance and profitability. An increasing number of Wall Street analysts and corporate boards are adopting value-based metrics such as EVA, MVA, and CFROI as a measure of a firm's profitability because these standards adjust for all of the firm's cost of capital - equity as well as debt. James Grant tackled the issue of economic value added in its infancy with Foundations of Economic Value Added - one of the first primers on the topic, endorsed by its creator, G. Bennett Stewart. Now, in Value Based Metrics: Foundations and Practice, he and Frank Fabozzi head a team of some of the leading proponents of value based metrics on both the investment management side and the corporate side. This comprehensive reference outlines how corporations and analysts can use value based metrics to more accurately measure the financial performance of individual companies, industries, and economies, as well as how to get an edge in today's turbulent market.


Book Synopsis Value-Based Metrics by : Frank J. Fabozzi

Download or read book Value-Based Metrics written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2000-06-15 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors, shareholders, and corporate leaders looking for an edge in today's New Economy are moving beyond traditional accounting yardsticks toward new means of gauging performance and profitability. An increasing number of Wall Street analysts and corporate boards are adopting value-based metrics such as EVA, MVA, and CFROI as a measure of a firm's profitability because these standards adjust for all of the firm's cost of capital - equity as well as debt. James Grant tackled the issue of economic value added in its infancy with Foundations of Economic Value Added - one of the first primers on the topic, endorsed by its creator, G. Bennett Stewart. Now, in Value Based Metrics: Foundations and Practice, he and Frank Fabozzi head a team of some of the leading proponents of value based metrics on both the investment management side and the corporate side. This comprehensive reference outlines how corporations and analysts can use value based metrics to more accurately measure the financial performance of individual companies, industries, and economies, as well as how to get an edge in today's turbulent market.