Warren Buffett focuses on investing in businesses with strong competitive advantages from "summary" of Warren Buffett's Ground Rules by Jeremy C. Miller
Warren Buffett's investment philosophy is centered around the idea of seeking out businesses with strong competitive advantages. He believes that a company with a durable competitive advantage will be able to maintain its market position and pricing power over the long term. This, in turn, allows the business to generate consistent profits and cash flows, making it a more attractive investment opportunity.
Buffett looks for businesses that have built a moat around their business, protecting them from competitors. This moat can come in various forms, such as brand recognition, economies of scale, regulatory barriers, or network effects. These barriers make it difficult for competitors to enter the market or steal market share, giv...
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