기업재무론 수정본-워렌버핏

_SLIDE_1_ Warren Buffet’s investment secret ---------------------------- _SLIDE_2_ ⊙ Who is Warren Buffett Name: Warren Edward Buffet Born : August 30, 1930 (age:81) Omaha,Nebraska,U.S Education: University of pennsylvania University of Nebrask(BS) Columbia University (MS) Occupation: Chairman & CEO of Berkshire Hathaway Years: 1951-present Salary $100,000 Net Worth: $ 50 billion (2xxx) (Samsung Net profit :$ 13.67 billion (2xxx)) _SLIDE_3_ What is the Value investing? Price of stock ≠ Value of firm ⊙ What is the value investment? _SLIDE_4_ ⊙ The principle of Benjamin graham Benjamin Graham wrote “The Intelligent Investor” on his investment theory. Buffet said that Famous investor Warren Buffett described it as "by far the best book on investing ever written" _SLIDE_5_ ⊙ When to buy a stock based on graham’s theory _SLIDE_6_ ⊙ Buffet’s rate of return to investment Year (A) Buffet (B) S&P (A)-(B) 1995 43.1 37.6 12.6 1996 31.8 23.0 5.5 1997 34.…
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