--- title: "Meaning & Key Takeaway of: In other words, the percentage change in…" description: "\"In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.\" — War..." image: "https://sms4smile.com/quotes/i/ff7/warren-buffett-183_book_in-other-words-the-percentage-change-in_1469086.png" --- # In other words, the percentage change in book value in any… ![“In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.” quote by Warren Buffett](https://sms4smile.com/quotes/i/ff7/warren-buffett-183_book_in-other-words-the-percentage-change-in_1469086.png) [Download](https://sms4smile.com/quotes/i/ff7/warren-buffett-183_book_in-other-words-the-percentage-change-in_1469086.png) [Open image](https://sms4smile.com/quotes/i/ff7/warren-buffett-183_book_in-other-words-the-percentage-change-in_1469086.png) > “In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The change in a company's book value each year tends to mirror the change in its true economic worth. **In simple terms:** Book value changes reflect intrinsic value changes. Key Takeaway Use book value as a proxy for intrinsic value. Themes investment valuation finance Mood analytical cautious Type advisory financial When to use this quote - stock analysis - portfolio management - financial reporting Key Concepts intrinsic value book value market perception Questions to Reflect On - How reliable is book value in fast‑changing industries? - When does intrinsic value diverge from book value? A Different Perspective Book value may lag or mislead during market volatility. ★ ★ ★ ★ ★ No ratings yet [Book](https://sms4smile.com/quotes/about/book/) [Book Value](https://sms4smile.com/quotes/about/book-value-944673/) [Books](https://sms4smile.com/quotes/about/books/) [Change](https://sms4smile.com/quotes/about/change/) [Given](https://sms4smile.com/quotes/about/given/) [Intrinsic value](https://sms4smile.com/quotes/about/intrinsic-value/) [Likely Reasonably](https://sms4smile.com/quotes/about/likely-reasonably-5326724/) [Percentages](https://sms4smile.com/quotes/about/percentages/) [Reasonably Close](https://sms4smile.com/quotes/about/reasonably-close-5105583/) [Values](https://sms4smile.com/quotes/about/values/) [Year Likely](https://sms4smile.com/quotes/about/year-likely-4460304/) [Years](https://sms4smile.com/quotes/about/years/) ## Related quotes > [Money isn't the most important thing in life, but it's reasonably close to oxygen on the 'gotta have it' scale.](https://sms4smile.com/quotes/zig-ziglar/money-isn-t-the-most-important-thing-in-life-but-it-s-reasonably/) [Zig Ziglar](https://sms4smile.com/quotes/author/zig-ziglar/) > [I don't know why the guys with the big money don't find five terrific young producers and give each of them enough to commission…](https://sms4smile.com/quotes/harold-prince/i-don-t-know-why-the-guys-with-the-big-money-don-t-find-five-terrific/) [Harold Prince](https://sms4smile.com/quotes/author/harold-prince/) > [No book, no matter how good, has a chance of reaching a large audience unless the publisher SEES the book's value.](https://sms4smile.com/quotes/richard-laymon/no-book-no-matter-how-good-has-a-chance-of-reaching-a-large-audience/) [Richard Laymon](https://sms4smile.com/quotes/author/richard-laymon/) > [Use book value as a starting point to try and establish the value of the enterprise.](https://sms4smile.com/quotes/walter-schloss/use-book-value-as-a-starting-point-to-try-and-establish-the-value-of/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.](https://sms4smile.com/quotes/walter-schloss/before-selling-try-to-re-evaluate-the-company-again-and-see-where-the/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its…](https://sms4smile.com/quotes/warren-buffett/intrinsic-value-can-be-defined-simply-it-is-the-discounted-value-of-2/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at…](https://sms4smile.com/quotes/warren-buffett/the-speed-at-which-a-business-success-is-recognized-furthermore-is/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its…](https://sms4smile.com/quotes/warren-buffett/intrinsic-value-can-be-defined-simply-it-is-the-discounted-value-of/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some…](https://sms4smile.com/quotes/warren-buffett/market-prices-for-stocks-fluctuate-at-great-amplitudes-around/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.](https://sms4smile.com/quotes/warren-buffett/the-critical-investment-factor-is-determining-the-intrinsic-value-of/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra…](https://sms4smile.com/quotes/warren-buffett/the-financial-calculus-that-charlie-and-i-employ-would-never-permit/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Just look at that Forbes 400. 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