What Makes A Good Business?
Warren Buffett’s has built a multi-billion dollar fortune by following a simple investment mantra. He only buys good companies at attractive prices. This approach seems simple at first, but defining what constitutes a good company isn’t easy. Luckily, the Oracle of Omaha has spoken about this subject at length in the past. In 1991, he explained that one of the simplest tests one could use to a establish the strength of a business, was to ask “how long does the…