“I want to be in businesses so good even a dummy can make money.” – Warren Buffet, 1988
Mr. B followed four basic tenets when deciding to buy a company:
- Business Tenets-Basic characteristics of the business itself,
- Management Tenets-Important qualities that senior management must display,
- Financial Tenets-The financial decisions the company must maintain, and
- Value Tenets-Interrelated guidelines about purchase price.
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