Keep it simple (look for businesses that are simple, solid, and straightforward) - Deepstash

Keep it simple (look for businesses that are simple, solid, and straightforward)

“If it won’t stand a bit of mismanagement, it’s not a good business”, a friend of Munger said. It is good to invest in good people behind good ideas, but it is very important that the business itself is solid and straightforward, and that it has a competitive advantage.

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