Our Goal

(Continuing on the wonderful compilation of Warren Buffett's sayings done by Bud Labitan called "The Warren Buffett Business Factors" but unfortunately the link I had recorded is broken.)

Our goal is to acquire either part or all of businesses that we believe we understand, that have good, sustainable underlying economics, and that are run by managers whom we like, admire and trust.

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That's Warren Buffett's investment goal.

Something that is not mentioned often is the acquiring of either part or all of businessess that we believe we understand, the businesses we understand....

hmmm.... so if you do not really understand the company or the stock at all, do not invest in it lor!!!

oh...

this is EXACTLY the same as what Lefevre wrote...

If a stock doesn't act right don't touch it; because being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.

*( Filed as Warren Buffett Business Factors: Our Goal )*