Warren Buffett
Wonderful businesses at fair prices
The most demanding framework in modern investing. Buffett wants companies with a moat that lasts decades, owner-friendly management, and a price that doesn't already assume perfection. If you'd want to own it for ten years without checking the quote, this is your filter.
- ROE ≥ 15% without leverage doing the work
- Earnings positive every year of the last five
- Owner earnings yield ≥ 5–8%, share count flat or shrinking