“The single-most important decision in evaluating a business is pricing power. If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you’ve got a terrible business.” —Warren Buffett [2010 FCIC interview…
Keep reading with a 7-day free trial
Subscribe to Value Investing World to keep reading this post and get 7 days of free access to the full post archives.