Enterprising Investor Forum

Warren Buffett MBA Talk – Part 3 Tuesday, October 9, 2007

At this point, the Q&A session tackles how people should always aim to do something they really enjoy and not simply what they think they should be doing or what would look on their CVs. This strategy will always payoff in the long-run.

Then he tackles how investing is not simply following a ticker symbol but actually becoming part owner of a business and preferably a simple one. Simple does not mean easy but a company which we can predict long term and one that has a wide economic moat. Ideally, one should look for a ‘castle’ which is surrounded by a big ‘moat’; a castle that is ruled by a hard working, honest and able Duke who will make sure to keep that moat as efficient as possible!

Enjoy: