Please use this identifier to cite or link to this item: https://scholar.utcc.ac.th/handle/6626976254/1564
Title: Investment Philosophy of Warren E. Buffettvs Principle and Theory of Finance
Authors: Banchuenvijit, Wanrapee 
Issue Date: 2008
Publisher: Chulalongkorn University Printing House
University of the Thai Chamber of Commerce
Source: Wanrapee Banchuenvijit (2008) Investment Philosophy of Warren E. Buffettvs Principle and Theory of Finance. University of the Thai Chamber of Commerce Journal Vol.28 No.1.
Journal: University of the Thai Chamber of Commerce Journal 
Abstract: This paper explores the investment philosophy of Warren E. Buffett and compares hisinvestment philosophy to the principle and theory of finance. Buffettûs investmentphilosophy comprises applying economic information, not accounting information; takinginto account the opportunity cost; focusing on the time value of money, wealth creation and the alignment of agency problems; and investing on the basis of information andanalysis. Similar to the principle and theory of finance, Buffett employs the concepts ofeconomic value added (EVA), capital budgeting, intrinsic value, and corporate governance.Dissimilar to the principle and theory of finance, Buffett uses a risk-free discount rate toevaluate cash flows and disagrees with the efficient capital market hypothesis (EMH).
URI: https://scholar.utcc.ac.th/handle/6626976254/1564
ISSN: 0125-2437
Rights: This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Appears in Collections:JEO: Journal Articles

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