There are lots of mediocre businesses available at 10x earnings, which will lead to mediocre results over time
for long term owners.
In principle I would not rule out temporary government ownership of the Port Talbot plant as a step towards finding
new long term owners.»
Our research suggests that the two types of sellers who are particularly prone to asking too much initially are
long term owners in the domain of gains (financial and emotional) and short term owners in the domain of losses (financial and emotional).
I think what Buffett implies here is to not get too caught up with discounts to tangible book values if you plan to be
a long term owner of the business.
When you buy an investment think like
a long term owner, not a renter.
«although there is a modest increase in design and construction costs, a well designed Passive House offers the most affordable option for
a long term owner, in addition to providing amazing comfort and air quality.»