A measure of free cash flow made famous by Warren Buffett when he wrote about it in Berkshire Hathaway's annual report in 1986. Mr. Buffett stated tha...
Definition of Return on Assets
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A measure of free cash flow made famous by Warren Buffett when he wrote about it in Berkshire Hathaway's annual report in 1986. Mr. Buffett stated that the value of a company is the present value of owner earnings expected to occur over the life of a business, less any reinvestment of earnings.
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