Investment Wisdom
@InvestingCanons
Sound investment principles, wisdom, & inspiration from the best investors & thinkers. Follow me to think about investing & decision-making more wisely.
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Charlie Munger on what makes a good business:
“What really makes it work is, the business school term is durable competitive advantage, which is a pretty good term.
You really want an advantage that, nourished without overwhelming skill, will keep working for you for a long, long time.”
And on what to avoid:
“You want to avoid a business which is just so brutally competitive that nobody does well over the long pull.”
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