14-10-2013, 09:54 AM
(13-10-2013, 10:16 PM)pianist Wrote: [ -> ]the biggest take-away from this article for me is - just be yourself
I dun think warren buffett could succeed what he achieved.
share investor seems a different animal from an management consultant/entrepreneur
one thing I dun quite understand - he said ""The biggest takeaway was to not buy over a company but buy over a business.".. how to interpret this?
""The biggest takeaway was to not buy over a company but buy over a business."
Look at the people that runs the business. A lot of SMEs not worth buying coz the owner is the one that keeps everything together. Take him out & the whole business is worth less.
same thing if you can add in your business skills to an existing business, you may create more value than the previous owner.