tag:blogger.com,1999:blog-36722043.post8421769471511027873..comments2023-06-08T06:59:14.045-04:00Comments on HORAN Capital Advisors Blog: Stocks Passing The Buffett TestDavid Templeton, CFAhttp://www.blogger.com/profile/08782216535717865701noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-36722043.post-3223371593431721272009-01-12T20:09:00.000-05:002009-01-12T20:09:00.000-05:00I think those screens are a good place to start. M...I think those screens are a good place to start. <BR/><BR/>My only concern is the use of the DCF methodology and the inherent difficulties in forecasting earnings.<BR/><BR/>Charlie Munger has always told people that he has never actually seen Warren do a DCF valuation. <BR/><BR/>In the recent book "Snowball" (by Alice Schroeder), there is a revealing part in the book where Buffett obtains a huge "directory" on Korean stocks and goes through it methodically looking for businesses producing essential items with large market share and trading at low price-earnings ratios, cash balances to market capitalization etc.<BR/><BR/>I have always felt that he does not do any real DCF analysis in the way that some have written about it in certain books.<BR/><BR/>Really like your site.The Stock Scribehttps://www.blogger.com/profile/05205820609072801696noreply@blogger.com