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"I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will." --Warren Buffet.
by chasil 3y ago
"I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will." --Warren Buffet.
- thatguy0900 3y agoIt's probably very easy to run a business if you've never had to worry about making a profit. I'm not sure that's a wonderful business though.
- chasil 3y agoBuffet prefers businesses with "moats" that present high barriers for new competitors to take market share. Coke and IBM were his preferred stocks for some years for these reasons.