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Hi Bashmaki,

there is some sort of conspiracy against "Buffettology" because

a. it was penned by a former daughter-in-law, who promised not to spill the beans.

b. it's deemed too simplistic to simply choose between Commodity-like versus consumer monopoly-like companies, for example making and selling Bricks is a commodity business yet Buffett bought Acme Brick in 2000. Check out Benjamin Moore, a paint company that Buffett also bought.

I think it is a valid investing method, one of many tools in the tool box available when we evaluate companies.

It is reasonable to say that IF we invest in a consumer monopoly and IF earnings are consistent and IF it is selling below treasuries and IF ROE is growing consistent, THEN this is a great investment. My current-favorite example is JNJ, which was disclosed a few days ago that Berkshire Hathaway invested about 113+M in it.


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