Why pricing is of highest priority for Warren Buffett when evaluating companies

“The 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 a tenth of a cent, then you’ve got a terrible business.”

– Warren Buffett (Major investor, stock market legend, entrepreneur, patron and currently the third richest person in the world: his private fortune is estimated at around 58.5 billion US dollars)

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