When my wife attended Harvard Business School many years ago, Warren Buffet came on campus to speak. I wasn’t going to miss this for the world. Although I probably wasn’t supposed to do this, I snuck into the auditorium to hear him speak. Now, here’s one really big lesson I learned that day. If you […]
Warren Buffet on What Makes a Great Business Read More »
Here are a few additional thoughts on the durable competitive advantage. In today’s news, Starbucks announced it was firing its CEO and putting Howard Shultz (founder) back in as CEO. One of the interesting tid bits of news that was mentioned was plans for McDonald’s to put coffee bars with Barista’s inside every McDonald’s. Clearly,
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I just finished watching a one-hour special on CNBC on Warren Buffett. In a nutshell, it was a one-hour lesson on the importance of a durable competitive advantage. I’ve heard Buffet speak in person on previous occassions, but to hear him mention the importance of the durability of a competitive advantage was eye-opening, to say
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