«It was very useful to revise other people's abstracts because it made me realize how important it is to have a good analogy when you need to explain
fairly complicated research in plain
language,» said Cath Gilchrist, a 32 - year -
old biology / medical research postdoctoral fellow from Australia.
That if you were in, what in Warren Buffett's
language is now called a franchise business, and the next evolution is that, I think mostly Warren Buffett, but I think there are others who understand this
fairly early on in the 60s and 70s too, begin to understand that these economic forces will create hugely valuable businesses, and valuable businesses in a sense that the
old Ben Graham businesses were not.