SAGE #1-Simple Advice Governing Equities
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BusinessAllstars.com
Name
Date
The Money Masters (19-20)
Buffettology (99-100)
0 - 4
1. They have a strong franchise (monopoly)
and thus freedom to price.
2. The have a good return on capital without
accounting gimmicks or lots of leverage.
3. The company is conservatively financed.
4. Low inventories and high turnover of assets.
5. The company has predictable earnings.
6. They are not natural targets for regulation.
7. The management is owner oriented
8. They see their profits in CASH.
9. Their invested Retained Earnings
continue to add Market VALUE.
10. You can understand the business and
why they appeal to their customers.