Warren Buffett-Businesses That Last
I like businesses I can understand. Discard with the lead notes are down about ninety percent. See, at all canceling I do not understand but fortunately there is enough I understand. The others big wide world out there almost every company established it on. So you got all American business product we available to you.
To start with I will be going to make sensitive lower things that you think you did not understand but you can some of it. I can understand this. I mean you can understand this. Anybody can understand this. I mean this is the product that basically happen to change might that happen surely.
Quite since 1886 or what it was and it is a simple business. It is not an easy business. I do not want a business as easy for competitors. I want the business will the mode around it. I want a very variable castle in the middle. And then I want them in charge to that castle to be honest and hardworking and able. And then I want a big motor on the castle and that mote could be various things.
The mote in a business like is an auto insurance business is low cost. I mean the people have to buy auto insurance. So everybody is going to have one auto insurance policy for car basically for driver and I can sell him twenty but I have to buy one. One can think to buy it. I got to buy on based on serviced and cost.
Most people will assume the services fairly identical among companies who caution us. So if we will be going to do cost so I got to be the low coat producer. That is my mote.
The extent at my cost gets further lower than the other guy as if on the couple of shorts into the mode. But all of the time if you got a wonderful castle, there are people out there they were going to try this and take it away from you. And I want a castle where I can understand but I want a castle with a mode around it.
Thirty years ago, his man code a smoke was just as largest Coca Cola smoke. I mean if are going to take a picture of your six-month old baby and you are going to look at that picture twenty years from now and you are going to look at it fifty years fro now and then I will never get a chance. I will begin as a professional photographer so that what it was been looked good twenty or fifty years gap.
Bear this in your mind about that photography company is what counts because they are promising you that the pain you take today is going to be terrific to look at twenty or thirty or fifty years from now but something is very important to him maybe. You do not shall to whatever may it be.
Well, correct head out on spades thirty years is undergoing all of that. That is what I call share of mind. We are about share a marker, share of mind. They had something in everybody’s mind around the country on the world where I guilt little, little box and ring. It said Kodak is the best. It is priceless.
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