Warren Buffett’s Secret Formula for Picking Winning Stocks (And Why Wall Street Ignores It)

This text outlines Warren Buffett's approach to business valuation, emphasizing that he focuses on the intrinsic worth of a company's future earnings rather than market speculation. The article details core principles such as using Discounted Cash Flow (DCF) analysis to estimate a business's value based on its projected cash generation and requiring an "economic moat" or sustainable competitive advantage. It also highlights the importance of investing in predictable, durable businesses led by quality management and insists on a "margin of safety" between value and price, while advising investors to ignore short-term market noise and hold for the long term.