Businesses that benefit from some kind of durable competitive advantage
April 15, 2020
“Businesses that benefit from some kind of durable competitive advantage almost never sell for below their book value. We say almost never, but occasionally it does happen, and when it does, it can be the buying opportunity of a lifetime.” – Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage by Mary Buffett, David Clark
