A fundamental question: DCF

[SlowHabit]

What discount rates are you using to figure out a company's intrinsic value? And how did you come up with these numbers [i.e. inflation, sector historical growth]?

I have been reading over Warren Buffett's annual reports but I haven't come across a passage where he gives a hint on how he does it. Perhaps the cat from the desert can brighten my day [img]/images/graemlins/cool.gif[/img]

I admit I'm so giddy right now due to exciting implications.