Sunday, February 6, 2011

Buffett on stock market....way back in 1999

http://money.cnn.com/magazines/fortune/fortune_archive/1999/11/22/269071/index.htm



The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage. The products or services that have wide, sustainable moats around them are the ones that deliver rewards to investors.

No comments:

Post a Comment