Warren Buffett has discovered that there are basically four types of consumer monopolies:
1. Businesses that make products that wear out fast or are used up quickly, that have brand name appeal, and that merchants have to carry or use to stay in business.
2. Communications businesses that provide a repetitive service that manufacturers must use to persuade the public to buy their products.
3. Businesses that provide repetitive consumer services that people and business are consistently in need of.
4. Retail stores that have acquired a quasi-monopoly position selling such items as jewelry and furniture.
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
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