Wong Kim Hoh meets...... (Sunday Times Interview Series)

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#81
(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.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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