Forum Archive Index - March 2003

[Travis Morien <travismorien@yahoo.com>]

--- "tennyson@caverock.net.nz"
<tennyson@caverock.net.nz> wrote:
 
> Nothing too original in what I am doing.  All you
> need do is pick up 
> a copy of 'Buffettology' or 'The Buffetology
> Workbook' to see what I 
> am up to.   We are just using the same valuation
> techniques that 
> Warren Buffett is reputed to use "over there" on our
> market here. 
 
"A Wonderful Company at a Fair Price" by Brian McNiven
explains Buffett's methods in an Australian context.

Interesting to note is that McNiven says he forwarded
the transcript to Buffett who replied that he does
*not* use valuation strategies like those described in
Buffettology.

He never said quite what strategies he does use, just
not the  {EPS = book value x ROE 
Retained earnings = EPS - dividend
Book value next year = book value this year + retained
earnings} method of projecting EPS.

Travis
www.travismorien.com


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