The Kinds of Businesses Warren Buffett Avoids

Warren Buffett doesn't like businesses that are price-competitive. These businesses are easy to spot because they usually sell a product of service whose price is the single most important motivating factor int he consumer's decision to buy. Here's a list of some of those businesses:

• Internet portal companies


• Internet service providers


• Memory-chip manufacturers


• Airlines


• Producers of raw foodstuffs such as corn and rice


• Steel producers


• Gas and oil companies


• The lumber industry


• Paper manufacturers


• Automobile manufacturers

Tag: Warren Buffett