Monday, August 22, 2022

Warren Buffett "I Ask This One Question To Spot A Liar"


Warren Buffett "I Ask This One Question To Spot A Liar" https://youtu.be/pEfVl0ZmQAo Warren Buffet is one of the richest men in the world and he gives some great investing advice on how to pick a winning business. "You obviously have filters that you apply on selecting people as you do on stocks. Can you tell us a little bit about what those filters are? That is a key question because when we buy businesses, we don't have managers to put in them. I mean, we are not buying them that way. We don't have a lot of MBAs around the office that we're. Thank God. Yeah, that I you know, I have not promised that they're going to have all kinds of operators. And so as a practical matter, we need management with the businesses that we buy and three times out of four or thereabouts, the manager is the owner and is receiving tens of millions, maybe hundreds of millions of dollars. So they're not they don't have to work. And we have to decide in that time when we meet them whether they love the business or love money. And we're not making a moral judgment. Charlie, may but I, I'm not making a moral judgment about whether it's better to love the business or love money. But it's very important for me to know what which of the two is the primary motivator with them." .... Tyler Investing

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