Invested: The Rule #1 Investing Podcast

This week, Phil and Danielle continue their discussion of Warren Buffett quotes.Warren Buffett Quotes from this Episode“A great investment opportunity occurs when a marvelous business encounters a one time huge, but solvable problem.”A marvelous business has a very specific definition, it's one, that you can look into the future with a pretty high degree of certainty about this company being more productive and bigger than it is today. And by the future, I mean, five to 10 years out. These types of businesses don’t go on sale often.It's a very specific kind of problem that Buffett is talking about here. It is, number one, one time, it's going to happen one time. And number two, they are going to solve it, no question about it. Those two things have to go together.“We believe that a policy of portfolio concentration may well decrease risk, if it raises as it should both the intensity with which the investor thinks about a business and the comfort level he must feel with his economic characteristics before buyi