I'm currently reading the Buffett annual letters from 1965-t...
I'm currently reading the Buffett annual letters from 1965-today. It's crazy how much Buffett focused on operating earnings to shareholders' equity. It's the one metric he uses the most to figure out great businesses.
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whqqq : Equity or Tangible equity? I feel like he wouldn't give a damn about goodwill and intagibles.
areecepOP whqqq: Oh yes he did, read what he said about Coca Cola and the power of intangibles (brand)