Successful Investing: Warren Buffett Explains the Three Traits of a Wonderful Business

The lecture was given at the University of Nebraska in 2003. When looking for businesses to invest in today, it is important to find ones that meet these three traits - and then buy them at a fair price (the less you pay the better). 1. Ability to understand the business 2. Business has a durable competitive advantage 3. Management has talent and integrity 4. Buy it on sale - with a "margin of safety" Video Source - University of Nebraska 4/10/2003