Warren Buffett’s Business Categories
In Berkshire Hathaway’s 2007 letter, Warren Buffett groups businesses into 3 categories: The Great, the Good and the Gruesome.
This is something every investor should read.
  1. The Great
  1. The Goodimage

  1. The gruesome
Nathan Worden's avatar
Regarding the ‘Great’ businesses, I thought it was interesting that he didn’t require a huge growth rate. Long term competitive advantages in a stable industries were a higher priority.

That’s something most investors got away from in the last decade.