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.
Showing posts with label Buffett. Show all posts
Showing posts with label Buffett. Show all posts
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.
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