Buffett: Depreciation Is A Proxy For Required Capital Expenditures

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Buffett: Depreciation Is A Proxy For Required Capital Expenditures

(May 4, 1998) Warren Buffett says that the depreciation is a proxy for required capital expenditures. That’s why Mr. Buffett does not ignore the depreciation in calculating the earning power of a business. In addition, a great business is typically capital light business such that they need minimal amount of capital to expand into new market.

Buffett: Depreciation Is A Proxy For Required Capital Expenditures

[Exclusive] DG Value Underperforms In H1, Sees Growing Number Of Distressed Opportuities

Dov Gertzulin's DG Capital has had a rough start to the year. According to a copy of the firm's second-quarter investor update, which highlights the performance figures for its two main strategies, the flagship value strategy and the concentrated strategy, during the first half of 2022, both funds have underperformed their benchmarks this year. The