Sunday, June 6, 2010


"To choose whether a business is right to invest in, firstly we have to deal with things we are capable of understanding. Once we're over that filter, the business must have intrinsic characteristics that give it a durable competitive advantage. And then of course we'd vastly prefer a management in place with a lot of integrity and talent. And finally no matter how wonderful it is, it's not worth an infinite price; we want a price that makes sense."
- Warren Buffets's investing partner Charlie Munger, 85 year old Vice Chairman of Berkshire Hathaway