12 Basic Immutable Tenets
As we all know Warren Buffett may be the most successful investor in the world. Some people try to dismiss Buffetts’ prowess of picking successful securities on the basis of a certain degree of luck or inside information that the regular small investor could never hope to have. However what many people do not understand is that, according to Robert G. Hagstrom, Buffett does not invest in stocks but in companies and their underlying businesses. and instead of luck Buffett uses his twelve immutable tenets. These twelve tenets are broken into four sections of the companies: 1) Business, 2) Management 3) Financial and 4) Market. By analyzing 3Ms’ annual report, its financial statements, and by examining all aspects of the company and its’ industry we can come to a conclusion of whether or not 3M would make an attractive investment to Buffett.
The first group of Buffetts’ tenets is the Business tenets. The business tenets are broken into three areas of......
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Approximate Word Count: 1572
Approximate Pages: 7 (260 words per double-spaced page) |