In Berkshire Hathaway’s 2007 letter, Warren Buffet groups businesses into 3 categories: The Great, the Good and the Gruesome.
This is something every investor should read.
1. The Great https://t.co/YOBB2Uw5VA
Greatbusinesses create enormous wealth over long holding periods acrossmarket cycles, even in the midst of negative macro headlines about highinflation, rising interest rates, geopolitical tensions, weak macroeconomicdata points, and political uncertainty. Gruesome businesses eventuallydestroy wealth, irrespective of whether the news is positive or... See more
Buffett's letter is out. Another great read: https://t.co/TML30j0Ane. "Our satisfactory results have been the product of about a dozen truly good decisions - that would be about one every five years ...". These are likely 10 of the 12 (probably not in order) ...
1. Hiring Ajit ..