“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 10 percent, then you’ve got a terrible business.”-said Warren Buffett in an interview with the Financial Crisis Inquiry Commission (FCIC)
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Linkfest:Feb 08, 2013
Some stuff I am reading today morning:
Notes from Charlie Munger’s Daily Journal meeting (Marketfolly)
Is SKS Microfinance a dream or nightmare? (Mint)
List of instruments with tax benefits under section 80 C (FirstPost)
Mahindra group may launch 10 seater aircraft by 2014 (FE)
Income Tax surcharge likely on income over 1 Crore (BS)
Where to invest now? (Subramoney)
Jim Rogers joins Bill Gross in warning about US Treasuries (Bloomberg)
Q a trader asks:Am I being smartly stubborn or stubbornly stupid? (Chicagosean)
Another blogpost that won’t make any money (Reuters)
David Einhorn Vs Apple (TRB)