Best companies you want to invest in

[CityFarmer]

ie the higher ROIC with good sustainable competitive advantage businesses. Somehow I just can't seem to realise them especially in Singapore.

There are 26 letters of the alphabet, and within this forum there is a thread for each letter, and multiple firms within each thread. If you take the time and read through each thread i think you will have a different opinion on "Somehow I just can't seem to realise them especially in Singapore."

I think the concept of a "buffett-firm" or "sustainable competitive advantage forever" a complete fallacy, esp in the world today. Creative destruction is here to stay and i find it hard to believe some brands will stay on top of the game forever. I think the spirit of Graham is to find value, apply a margin of safety in your price, ride out the business cycles and let strong management unlock value. Personally i like to add to "diversify your basket" from the POV of a practitioner in finance who has gone through a couple of crisis.

The strong value investor is the bloke who has the brains and guts to define "value","MOS","strong management" himself; the woeful investor is the one who spends his time looking for textbook answers and regurgitating blindly.

Well-said. A very valuable advice from a guru in this forum.

Learn a process to get the "right" answer, is always much valuable than the "right" answer itself.

I will vote it as the best answer for this thread.

[arriyana]

If you really want to know what THE Warren Buffett is buying today, and is still buying:

http://www.gurufocus.com/StockBuy.php?Gu...en+Buffett

You can even see his average purchase price.

If you want to know why HE thinks these companies are trading below fair value:

http://www.berkshirehathaway.com/letters/letters.html

lol, not sure if helpful, but much better than us second guessing his thoughts. You could closely emulate his returns by buying into the companies he already bought.

Note that the types of company he buys today is largely influenced by the sheer size of Berkshire Hathaway and the risk profile of the shareholders of the company today. If Warren Buffett "only" has 3 million dollars today and is only 30 years old, I think his portfolio would look VERY different.

I like the gurufocus you have shared. Looks like an interesting source of information. Thanks for sharing