Subject: Re: making sell decisions based on BV
“Look through Earnings remains my favorite valuation measure. Buffett also recommends this measure. He’s a pretty good source. It cuts through a ton of noise and confusion. It’s simple. But it’s not easy.”

Isn’t look-through basically 5-groves but not taking Mr Markets word for it on the publicly traded stocks grove?

Be interested what IV you’re coming up with currently using look-through. How are you valuing the cash? What multiple on fully-owned businesses? What multiples on look-through?