Warren Buffett Quotes
We Select Such Investments On A Long-term Basis, Weighing The Same Factors As Would Be Involved In The Purchase Of 100% Of An Operating Business: (1) Favorable Long-term Economic Characteristics; (2) Competent And Honest Management; (3) Purchase Price Attractive When Measured Against The Yardstick Of Value To A Private Owner; And (4) An Industry With Which We Are Familiar And Whose Long-term Business Characteristics We Feel Competent To Judge.
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