October Buffett-Munger Bargain Newsletter is Ready for Download

This is a company that any manager could raise the return just by raising prices

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Oct 17, 2015
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According to Charlie Munger (Trades, Portfolio), there are businesses, that you will find a few times in a lifetime, where any manager could raise the return just by raising prices—and yet they haven't done it. This month's newsletter is about such a company.

“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price….when buying companies or common stocks, we look for first-class businesses accompanied by first-class managements.”

- Warren Buffett (Trades, Portfolio) (1989)

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What’s a Buffett-Munger Bargain?

A Buffett-Munger Bargain is a “wonderful company” selling at a “fair price”. To be a wonderful company a stock must pass Warren Buffett (Trades, Portfolio)’s 7-point checklist:

1. Simple Business
2. Favorable Long-Term Prospects
3. Able and Honest Management
4. Consistent Earnings
5. Good Return on Equity
6. Little Debt
7. Very Attractive Price

What’s the Buffett-Munger Bargain Newsletter?

GuruFocus’s Buffett-Munger Bargain Newsletter picks one new “wonderful company” selling at a “fair price” every month. The pick is made using GuruFocus’s Buffett-Munger Screener and Warren Buffett (Trades, Portfolio)’s 7-point checklist. A new issue goes out to subscribers on the third Friday of every month.

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