Swimming in the moat: The business of projects
Asked about his success as an investor, the Sage of Omaha once replied that he never invested in a business he could not understand. The point Warren Buffett was making was that in order to make money from a company, you had to understand — really understand — how the company made money. Yet many of us do that every day by turning up for work and doing our job without really understanding how the companies we work for make money.
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