For the latest Warren Buffett, go to WarrenBuffettNews.com - When Buffett bought Berkshire Hathaway, it was a textile business that was doomed to fail. It had a great CEO, but it was just a bad business.He simply got into the wrong business at the time. He had a wonderful manager, but the economics just didn't work. The best thing to do is to simply avoid bad businesses. It is amazing that when a company relocates, they always end up settling where the CEO wants because a good golf course nearby. When thinking as an investor, you should sometimes keep the ego of the CEO in mind.
Thursday, July 12, 2012
Warren Buffett - Avoid Bad Businesses
Warren Buffett - Avoid Bad Businesses Tube. Duration : 2.58 Mins.
For the latest Warren Buffett, go to WarrenBuffettNews.com - When Buffett bought Berkshire Hathaway, it was a textile business that was doomed to fail. It had a great CEO, but it was just a bad business.He simply got into the wrong business at the time. He had a wonderful manager, but the economics just didn't work. The best thing to do is to simply avoid bad businesses. It is amazing that when a company relocates, they always end up settling where the CEO wants because a good golf course nearby. When thinking as an investor, you should sometimes keep the ego of the CEO in mind.
For the latest Warren Buffett, go to WarrenBuffettNews.com - When Buffett bought Berkshire Hathaway, it was a textile business that was doomed to fail. It had a great CEO, but it was just a bad business.He simply got into the wrong business at the time. He had a wonderful manager, but the economics just didn't work. The best thing to do is to simply avoid bad businesses. It is amazing that when a company relocates, they always end up settling where the CEO wants because a good golf course nearby. When thinking as an investor, you should sometimes keep the ego of the CEO in mind.
