Value Talk: Most important... Days of yore... Wide moats... Buy 'em while you can... Our companies

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Dec 27, 2005
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A few years ago, a good friend of mine was "between opportunities"; in other words, he was unemployed. He called me and told me that he was tired of working for other people, helping them grow their businesses and then being let go as they found someone who would accept a lower salary to carry out what he implemented. "I've had it," he said and then informed me that he wanted to go into business for himself. It wouldn't be a problem raising the funds to make the purchase; he was just having a difficult time deciding what type of business to buy.

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