In buffet's world view, every enterprise is a kind of economic castle. Only businesses with some sort of mote will prosper, rather than merely survive. If you determine that the mote is not strong, then that's an easy company to check off your list. Bad business won't make a great long term investment, no matter how cheap it is. Adam has what he calls his b mp check list, which stands for business management and price. On the business side, adam is looking for companies that have a low market share in a large and growing market. High switching costs are definitely a good sign, havi, a first mover advantage is another good sign. An one i
IN THIS EPISODE, YOU’LL LEARN:
01:16 - What the most important attribute of a quality company is.
02:57 - How Adam selects companies using his BMP checklist.
08:40 - Why tech companies have been overlooked by traditional value investors over the past decade.
14:00 - The thought process Adam went through when he purchased Alphabet, aka Google, in mid-2016.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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