Warren Buffett on buying a company

“If I were looking at an insurance company or a paper company, I would put myself in the frame of mind that I had just inherited that company and it was the only asset my family was ever going to own. What would I do with it? What am I thinking about? Who are my competitors? Who are my customers? Go and talk to them. Find out the strengths and weaknesses of this particular company versus other ones” – Warren Buffett

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