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Pricing Power Beats Good Management (Warren Buffett)
- jayzee 16y agoMisleading title, at least from the quote attributed to Buffett. He says that "The single most important decision in evaluating a business is pricing power" and does not compare it directly to management. And it is not easy to stumble upon a business where you can raise prices without losing demand. That can be either due to luck in some rare cases but most of the times is because of good management.