From my understanding (I can be wrong), Warren is focusing more towards the cashflow of the business rather than the growth rate. There are some companies that has huge growth but produce little cash flow and some has little to no growth but produce a lot of cash flow.
If you are buying the entire business, which one would you choose at the present stage?
And of course, there are some high growth with high cash flow companies but, those are hard to find and most of them are fully priced so put more efforts in your treasure hunt to find the hidden gem :)
[Full Videos of Berkshire Hathaway Annual Meeting 1994]
[ABOUT - Collection: Warren Buffett]
Whenever, I search up on fund managers that practice value investing. All of them done 1 common thing that is, they study whatever they can about Warren Buffett from his annual letters, annual meeting or even interviews. Hence, I decided to do the same and share it together with all of you so that we can learn and grow together :)
[My 2 Cents]
#18 is a video that you need to spend some time for yourself to think about it after watching it. Thanks Warren and Charlie <3