I’ve been looking for businesses with strong cash generation capabilities and a competitive advantage strong enough that I can be sure they will exist for the next decade and at a price I can ensure I can make sure that I can reach an annual return of at least 15%, Or the company that sells at a high price will be deeply discounted from its assets. I won’t shy away from taking over the goal, as long as the goal still has a strong business, I can own it even if the acquisition doesn’t pass. I have earned about 16% annual weighted returns since I started investing in my own investments 3 years ago and plan to continue to beat this barrier as I learn more.
Analysts’ disclosure: I/We have beneficial long-term positions in AMZN’s stock through stock ownership, options or other derivatives. I wrote this article myself and expressed my opinions. I was not compensated (other than seeking alpha). I have no business relationship with any of the companies mentioned in this article.
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