Ben Graham knew what today’s bulls don’t: the higher is the imputed value of a firm’s intangibles, the lower is its return on equity. Warren Buffett’s financial net worth is approximately $US160 billion. That ranks him among the world’s ten richest individuals; it also makes him by far the most successful investor of all time (see also How Warren Buffett has trounced “the … [Read more...] about Intangible assets aren’t as valuable as bulls assume
Chris Leithner