Warren Buffett: "Durable competitive advantage. Those are the three words that count." "You may be able to make that decision about companies that I can't ... They have to be pretty simple for me."

Durable Competitive Advantage are the 3 Words That Count

This last year+ has been a dream. I meet with business owners daily to look for financial solutions. We help them: 1. Optimize their cash flow 2. Create more profit 3. Pay less taxes But more than anything, we’re a strategic partner and coach. Someone they turn to when they don’t know the answer. When the times get tough. I’ve had more than one business owner tell me they’re sleeping better, more present when with family, and feel like they’re finally in control of their business (instead of it controlling them). I can’t imagine anything more rewarding. For people watching from the sidelines, it seems like an overnight success. But in reality, it came after a 15+ year career of day-in and day-out partnering with my CEOs as a full-time CFO. Now instead of building one business at a time, I get to help many at the same time! Today, I’m headed to meet with a group of other business owners to learn and grow together. I am truly living the dream!

DCA rule

Sounds like Warren Buffett really boils things down to the basics!

Buffett’s edge isn’t complexity—it’s clarity. If a business can’t explain its moat in one sentence, it probably doesn’t have one.

One of Warren Buffett's smart pieces of advice is to buy stocks as an owner, not as a speculator.

“If you are not willing to own a stock for ten years, don’t even think about owning it for ten minutes.” wrote Warren Buffett in his 1996 letter to shareholders.

And instead of being influenced by prices or recent fluctuations, buy from companies that make great products, have a strong competitive advantage, and can deliver consistent returns over the long term.

In 1951, Warren Buffett invested more that half of his net worth in GEICO. He dramatically increased his holdings during the bear market of the mid-1970s when GEICO was struggling.

By 1995, Warren Buffett owned half of the company and, that same year, he decided to buy the rest.