A quote from Hamish Douglass of Magellan fame in a Livewire article out today: "WarrenBuffett famously said that the goal of an investor should be simply topurchase, at a rational price, a part interest in an easily understandablebusiness whose earnings are virtually certain to be materially higher five, 10and 20 years from now. Over time, he said, investors would find only a fewcompanies that met these standards." Can anyone think of such a company?
LVT Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held