Warren Buffett mini-series #4: “Only invest in 'simple businesses' that you understand”

Low Rates High Returns

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3y ago 35:04

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In this episode, Pete and Steve discuss each of Warren Buffett's criteria of what constitutes a "simple" business. (1) Large purchases and large companies,(2) Demonstrated consistent earning power,(3) Businesses earning good returns on equity while employing little or no debt,(4) Management in place (we can’t supply it),(5) Simple businesses (if there’s lots of technology, we won’t understand it),(6) An offering price.We then summarise whether all of these have the same importance and which ones may be more important.Thanks for listening!Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence.www.gonextlevelwealth.com.au/podcastPete Wargentwww.petewargent.com/www.linkedin.com/in/pete-wargent-37228322/Stephen Moriartytwitter.com/SGM63

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