Warren Buffet is interested only in solid businesses, not in buying distressed a... | Hacker News

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		dh2022 9 months ago \| parent \| context \| favorite \| on: The Rise and Fall of Toys 'R' Us (2018) Warren Buffet is interested only in solid businesses, not in buying distressed assets in a fire-sale. One of his maxims: "is better to buy a wonderful business at a fair price, then to buy a fair business at a wonderful price"

scarface_74 9 months ago [–]

He bought a bunch of newspapers when he knew they were on the decline and extracted money from them. He sold them all in 2020.

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