How do you know if you have found a business that has all the qualities of a ‘reinvestment moat’ firm? According to Connor Leonard of Investors Management Corporation, the first step is to find a business that is easy to understand. Investors Management Corporation (IMC) flies under the radar of most investors and Connor did his best to try and introduce the company and what it does at last month’s Valuex Vail conference.
[buffett]
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