Quality is king. That’s what Buffett and Munger have been preaching for a few decades and Berkshire is the shining example that it works.
Buffett has been laying out what to look for in quality businesses for a while now. I’ve been going over some his earlier thoughts on quality companies after listening to the BRK annual meeting.
Buffett’s lecture at the University of Florida probably is one of the best at describing examples of what he looks for: Continue Reading…