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Personal Finance Topics / Investing Beginners
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Author: Beginner ✧  😊 😞
Number: of 64 
Subject: Re: The best business type
Date: 09/06/2024 1:43 PM
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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.



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