Warren Buffett MBA Talk – Part 5 Thursday, October 11, 2007
Posted by ei-forum in Buffett MBA Talk.trackback
Only invest in businesses you really understand, that you feel are within your circle of competence, have a wide economic moat and staying brand power….
Some people may think the above is too simplistic or at times even so obvious that it would be impossible to find real opportunities using these techniques. However, despite the fact that it may sound simple, it does not mean that it is easy: one example is Coca-Cola.
In this part of the Q&A Buffett revels one of key factors that will ensure Coca-Cola’s continued success (actually something that applies to all Colas): Cola has not taste memory – that means that it doesn’t cumulate on you like chocolate or other things.. This is a key factor why people continue to consume a high number of serving and why it has an extra edge on other foods and beverages: yes in essence quite simple but did you know this fact?
Continue to enjoy the talk:
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