Buffett looks for businesses with a durable competitive advantage from "summary" of Warren Buffett's Ground Rules by Jeremy C. Miller
Warren Buffett's investment philosophy is centered around finding businesses with a durable competitive advantage. This means he looks for companies that have a unique position in the market that allows them to maintain profitability over the long term. This competitive advantage can come in many forms, such as brand recognition, economies of scale, patents, or regulatory barriers. By focusing on businesses with a durable competitive advantage, Buffett is able to invest in companies that have a higher likelihood of continued success. These companies are less likely to be impacted by changes in the market or increased competition. Buffett believes that by investing in these types of businesses, he can earn a solid return on h...
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