Modelo de valoración de empresas sobre la metodología de inversión de valor

Abstract

Different methodology is available today for all of those who are interested to learn how to value a business. However, a particular approach calls attention, because of this approach Warren Buffett is one of the richest world men. For more than 40 years his rational methodology has given superior market results for his holding and also compared to other founds in Wall Street. His way of valuing and buying business is a convergence between the quantitative method of Benhamin Graham and the other well known value investor in his moment, the qualitative Phillip Fisher. What has got Buffett with the mix of these theories in Robert G. Hagstrom (1998) words is to “buying an extraordinary business and maintain this inversion for a period of several years and therefore, to obtain profit for the well evolution of the business”. Also by definition, the Buffett value model according to Ben Graham (1945) is “an investment operation is one witch, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative”. With this degree project, author wanted to find and putting discussion to those who are interest in the investment field, the basic business value principles that are behind Warren Buffett investment model and to understand why this model has had better results than the others available. Agree with the previous sentence, this project propose to outline fundamental principles that can contribute to an practice analysis, but well argued in terms of valuation, finding this way to close the gap between the market and the underlying business that are represented by titles in that market.