How does Warren Buffett analyze a company?
The essence of his investment philosophy: Finding "three-good students" (good business, good team, good price) in a good industry.
1️⃣ Industry Ceiling
Key questions: Is the industry saturated? How can companies cope with the ceiling?
Saturated industries: Focus on low-cost mergers and acquisitions by monopolistic companies, increasing market share, and pricing power.
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