Business is like a castle and we as the investors are like the traveling merchants.
It is our job as a traveling merchant to find whether the castle has a moat to protect against invasion, whether the lords serve the people well and most importantly, what makes this castle different from the others?
Before, bringing our goods into the castle.
[Fundamental Rules of economics that Warren missed and mentioned in BRK 1994 Annual Letter]
"As the seat capacity of the low-cost operators expanded, their fares began to force the old-line, high-cost airlines to cut their own. The day of reckoning for these airlines could be delayed by infusions of capital (such as ours into USAir), but eventually a fundamental rule of economics prevailed: In an unregulated commodity business, a company must lower its costs to competitive levels or face extinction. This principle should have been obvious to your Chairman, but I missed it." ~Warren Buffett
[Full Videos of Berkshire Hathaway Annual Meeting 1995]
[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]
Suddenly, investing sounds like an adventure game <3.
So how many castles have you found?
A general clear overpowering impact is open in the hold down of Maria Howe. Visit https://www.africanexponent.com/post/8151-5-ideas-how-to-write-a-perfect-business-essay for additional subtleties. A goliath piece of her part is so heart coming to and shocking.
Hello folks! My name is Kaneez Fatima. I read your blog and it is very amazing & unique. I am very happy when I read your blog because your words are very good in the article and the same time my heart is happy and enjoy your words. There are even times when essay writing service online Pakistan feel so down but I will feel better right after checking your blogs. You have made me feel so good about myself all the time and please know that I do appreciate everything that you have.
The collection of the office and institute is dumped for the estimated element for the turns. Pat of the found and EssayShark.com is induced for the changes for the room. The plant is filed for the role of the sciences for the goals.