Warren Buffett Was Right
1 Dec 2025 · 1 min
0:36
In this brief segment, the speaker reflects on Warren Buffett’s investment maxim that buying high‑quality businesses at fair prices beats buying low‑quality businesses at great discounts. To test this, the speaker reviews Acquisition.com’s first two years, during which 24 acquisitions were made. All but three of those deals resulted in a loss of the capital invested. The speaker notes that many of the successful investments were made at higher valuations than preferred, with limited equity stakes and all‑cash financing, yet still expected solid returns. The passage highlights the tension between valuation, equity share, and cash requirements, illustrating the practical challenges of applying Buffett’s principle in real‑world deal‑making.
