Did he oversimplifies his investment approach?
If you have any ideas, please write them down in the comments. ![]()
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1 He says buy things with pricing power. But then he goes and buy a chunk of OXY which basically has no pricing power as it sells a commodity product.
2 He talks about investing in businesses that even an idiot can run. But then he owns one of the largest and most complicated insurance operation in the world.
3 He likes businesses which require little capital to grow. But then he owns railways and utilities which are both highly capital intensive businesses.
4 Buffett says ignore macro but then he goes off and buys a basket of banks after the financial crisis. Aren’t banks highly sensitive to macro and interest rates?
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Some famous words of Buffett. I hope it's useful to you. : )
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whqqq : These phrasing is like Steph Curry saying “I just shoot threes well. It’s pretty simple.”It is literally true but under the hood things are far more complex and require lots of work.