We look at pricing power, capital intensity, and high…
We look at pricing power, capital intensity, and high gross margins. Capital intensity creates a fundamental investment risk. You need more of it; it dilutes your equity base. It is usually a fixed cost that can't be managed, so we have a tendency to like low capital intensity businesses better. And pricing power.
— from The Flight Plan (Purpose/Wisdom/Risk) · Holy Grail of Investing: The World's Greatest Investors Reveal Their Ultimate Strategies f
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- Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences)
- Leadership & Business (Leadership/Business)