Invest in businesses with pricing power from "summary" of Buffettology by Mary Buffett,David Clark
Investing in businesses with pricing power is a key concept that Warren Buffett focuses on when selecting companies in which to invest. These are businesses that have the ability to raise prices on their products or services without losing customers. This means that they have a competitive advantage in the market, allowing them to maintain profitability even in challenging economic conditions. Businesses with pricing power often have strong brand recognition and customer loyalty, which enables them to command higher prices for their products or services. This not only helps them to generate higher profits but also provides a level of stabilit...
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