This book offers 30 sample "intrinsic value per share" business valuations in the style that Warren Buffett and Charlie Munger may use. In each case the author tried to simulate an approach that they would take to valuing a business, based on what they have written and talked about. However, all of the growth assumptions used are the author's own. No consultation nor endorsement was sought with Mr. Buffett or his business partner Mr. Munger. The examples given are chosen for educational and illustrative purposes only. The valuation cases are estimations written in a style that emphasizes a focus on free cash flow and the number of shares outstanding. Readers are also repeatedly encouraged to think about the business' competitive position. In reality, these businesses may outperform or they may underperform any of the author's projections.
Bud Labitan is a practicing physician and investor from Northwest Indiana. He is a graduate of Indiana University with a BS in the Biological Sciences. Dr. Labitan earned his medical degree at the American University of the Caribbean School of Medicine in 1987. He completed the Family Medicine Residency in Gary, Indiana. Dr. Labitan is a proud father and supporter of "Father's Rights" and "Mother's Rights" reform worldwide. He believes in continuous learning, and he enjoys the area of sensible "decision framing" and "decision making."
Dr. Labitan is also a 2003 MBA graduate of the Purdue University Calumet School of Management in Hammond, Indiana. While in graduate school he did research in the Behavioral Finance area of "successful practitioner decision framing" practiced by Warren Buffett and Charles Munger.
He is available for book talks, seminars, and individual training. His books are also available in different audiobook cd forms from Lulu.com, and they can be found by searching the web. His other name is Cesar M. Labitan, Jr. BS, MD, ABFP, FAAFP, MBA.
