We initiate Centene Corporation (NYSE: CNC ) with a Strong Buy. Before making that call, we wanted to test our own conviction. That meant doing the opposite of what confirmation bias usually demands. So we went on listing everything thatThere are many ways sell-side analysts try to find a company’s “fair” value — some useful, others pure illusion. The DCF method is like a massive LEGO set: every tiny assumption has to fit just right, and it opens the door to bias — overconfidence, hindsight, and anchoring. ...