Subject: Re: The best business type
I second Indefensible's concise answer.
and add that the operative words in Buffett's statement,
"The second best business is a business that also gives you more and more money, but takes more money..."
are, "but takes >more< money..."
in other words, it has higher costs, even though it has a good investment return.
I think meaning, the first one that makes more and more money also needs next to nothing to make all that money.
Thanks for letting me think about this, too.