Warren Buffet and the art of running an eBusiness!
Posted on 20 June 2006 by Lord Brar
Technology scares the world’s greatest investor and that is exactly why he never invests in it. I am not saying it… he said it during the DotCom boom.
Now he may not be investing in any of the Internet Companies but if he were running one, I can tell you that it would be one of the most successful companies out there.
Why? Because of Warren’s Basic philosophy of business.
And that idea? Return on Capital must always be greater than the Cost of Capital.
In simpler words — to earn a dollar, never spend more than 99 cents.
Oh BTW, Mr. Buffet doesn’t have a monopoly over this way of thinking and even you can apply it to your business if you want it to succeed.
Yeah, I can say the last part of the above line with complete confidence because most of the businesses (including my very first Internet Business and most of those businesses that went down during the .com burst) fail because of this very reason.
And, what’s that saying? Once burnt, twice shy. I don’t repeat the same mistakes again.
