Warren Buffett mini-series #4: “Only invest in 'simple businesses' that you understand”
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Description
In this episode, Pete and Steve discuss each of Warren Buffett's criteria of what constitutes a "simple" business.
(1) Large purchases and large companies,
(2) Demonstrated consistent earning power,
(3) Businesses earning good returns on equity while employing little or no debt,
(4) Management in place (we can’t supply it),
(5) Simple businesses (if there’s lots of technology, we won’t understand it),
(6) An offering price.
We then summarise whether all of these have the same importance and which ones may be more important.
Thanks for listening!
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www.gonextlevelwealth.com.au/podcast
Pete Wargent
www.petewargent.com/
www.linkedin.com/in/pete-wargent-37228322/
Stephen Moriarty
twitter.com/SGM63
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