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Tobias Carlisle - A Modern Walter Schloss

The Business Brew

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How to Build an Invincible Portfolio

I cannot understand them as a value investor you know even though that's a dirty term these days I still think of like any intelligent investing is value investing or whatever the expression is. There are two or three hundred invincible companies in the world like invent an invincible company to me is something that everybody knows exactly what they are just buffer touch stocks but with absolutely bulletproof balance sheet run by management team who are investors. We're going to always maximize our Ira however we're investing the money we're going to run it on behalf of the shareholders because we are big shareholders. The business is bulletproof like the business is not one that can be unseated it just occupies a special position in the world

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