8/24/2013 Learning from Warren Buffet at weekend 1. The key to - TopicsExpress

8/24/2013 Learning from Warren Buffet at weekend 1. The key to investing was to focus on the competitive advantage of the business and the durability of that advantage rather how much a business could change society or grow. 2. Some companies, such as Intel, have a competitive advantage based on intellectual talent and a large capital base, but manufacture products that have a short life span in the marketplace. These types of companies may have a competitive advantage, but they do not manufacture a product that has a durable competitive advantage. ----------The New Buffecttology by Mary Buffett & David Clark

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