Aditya Rai Sud

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If you owned a business and there were no daily quotes to measure its performance, how would you determine your progress? Likely you would measure the growth in earnings, the increase in return on capital, or the improvement in operating margins. You simply would let the economics of the business dictate whether you were increasing or decreasing the value of your investment. In Buffett’s mind, the litmus test for measuring the performance of a publicly traded company is no different.
The Warren Buffett Way
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