Warren Buffett doesn't like businesses that are price-competitive. These businesses are easy to spot because they usually sell a product of service whose price is the single most important motivating factor int he consumer's decision to buy. Here's a list of some of those businesses:
- Internet portal companies
- Internet service providers
- Memory-chip manufacturers
- Airlines
- Producers of raw foodstuffs such as corn and rice
- Steel producers
- Gas and oil companies
- The lumber industry
- Paper manufacturers
- Automobile manufacturers
Tag: Warren Buffett
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