I like watching NFL Football because of the strategy involved. This includes many variables of players, formations, and plays. Together, their goal is to move the ball to the 100 yard line. This is how they put points on the board. In some ways, value investing can be viewed as a simpler four step process, thanks to Warren Buffett. He said: “Charlie and I look for companies that have (1) a business we understand; (2) favorable long-term economics; (3) able and trustworthy management; and (4) a sensible price tag.”
[klarman]
Also read:
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- Emerging Hedge Funds: Can They Outperform?
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