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Tag: Buffett
What Are Owner Earnings? A Practical Guide
Warren Buffett said subtract maintenance capex — then told us to guess. The Allen Framework replaces the guesswork with a company-specific Maintenance Ratio you can actually measure.
Allen Framework vs Buffett Owner Earnings: What Changed
Warren Buffett gave us the philosophy. The Allen Framework gave us the algorithm. Here's how 40 years of evolution transformed "owner earnings" from an art into a science you can actually run.