How Warren Buffett Evaluates a Company

In this video Warren Buffett talks about PetroChina and how to evaluate a company. The host of the show asks Warren Buffett if he sold his entire statement from PetroChina. He says that he sold it, but it was all based on price. He regrets that he sold it a little too sun, but it was a hundred percent a decision based on valuation. When they bought the business, the whole company was selling for thirty five billion. At the time they sold it, it was a very good price, but it was that about eight times that price.

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