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Business Master Series

Durable competitive edge

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Buffett talks about “durable competitive edge” a lot.

Here is a video (scroll down the article) he used Berkshire mill, the first major company he bought in 19060s, as an example to explain this concept.

Also I watched the “Buffett goes global” show on CNBC in the weekend, I am sure CNBC will run it again just like the other two shows about Walmart and eBay.

This is a much better show than Jim Cramer’s Mad Money, in terms of education value. I watched the Mad Money mostly for entertainment, along with Fast Money, etc.

Categories
Business

Don’t Take Experts Too Seriously

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Because I found those so-called experts are not real “experts”, I am talking about many “experts” appeared on CNBC, the business cable channel. Actually one of my friend who studied in Finance had a worse comment on CNBC (he heard it from his professor). But lately I started to appreciate what he meant. For instance, the wild popular “Mad Money” show done by Jim Cramer, a statistics shows if you act according to his recommending, basically you are stand still because 50% of his recommends turn out to be true. Considering there are people actually act after watching his show, his actual performance is not even 49%. But I do like his straight talk style and some of his analysis though.