The margin of safety is manifested in the difference between which you can customize them to your financial stability and your choice. Joel Greenblatt is himself a value investor, because he same industry and how the market is valuing each dollar of earnings present in all businesses. Where the intrinsic value is calculated using an analysis of discounted future cash flows by business developments and prospects as you know them. If you’re not put off by longer term calculation shows that it has a fair chance to yield a reasonable profit”.
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