5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Four Filters of a Good Business

A good business that earns good return on capital without using too much debt to do it. Management teams with equal measures of talent and integrity. Not such a price that the returns of the business itself are going to roughly match what you as a shoe kind of shareholder or a seat will pay. And then the fourth and really the least important is if his price is a work.

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