Berkshire Hathaway Inc (BRK.B): "why Warren Buffett says to 'run a l...

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bar1080

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Thursday, 05/24/2018 11:17:46 AM

Thursday, May 24, 2018 11:17:46 AM

"why Warren Buffett says to 'run a lousy business'"

""I think you'd learn a whole lot more about business by actually struggling with a terrible business for a of couple years than you learn by getting into a very good one where the business itself is so good that you can't mess it up."

Buffett's longtime business partner Charlie Munger, who has been around for many mistakes and failures, agreed. "It was very useful to us," Munger said of their early days, when they were involved with some bad businesses. "There's nothing like personal, painful experience, if you want to learn. And we certainly had our share of it."

https://www.cnbc.com/2018/05/24/warren-buffett-if-you-want-to-be-a-good-investor-run-a-lousy-business.html

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