MI199: Cloning Warren Buffett and Charlie Munger w/ Chris Franco
The Intrinsic Value Podcast - The Investor’s Podcast Network
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What Makes a Good Business Good or a Bad Business Bad?
I went through every Berkshire meeting going back to since they've been transcribing them which is in the 1994. From there I came up with 18 different characteristics that would be of a bad business or what makes a bad business bad. When you have these filters you can say oh wait, I know I love this company but yeah the customer churns really bad and that's not going to make for a great investment situation for me. It doesn't guarantee you're going to become next Warren Buffett or the next stock market billionaire but I think you can avoid making a lot of the mistakes that are very easy to make even for experienced investors.
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