Warren Buffett has often discussed the "Toll Bridge" as an exceptional type of businesses. A "Toll Bridge" is something that people or businesses have to use to get where they are going because it furnishes access to an essential service. This month's newsletter is about such a company. The company has invested heavily to create an infrastructure to serve its customers needs for decades to come. Crucially, there doesn't seem to be a viable alternative within the niche market it serves. This month's Buffett-Munger newsletter is about such a company.
“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price... when buying companies or common stocks, we look for first-class businesses accompanied by first-class managements.”
- Warren Buffett
Can’t wait to know this stock’s name?
Get your copy of GuruFocus's Buffett-Munger Bargain Newsletter now
What’s a Buffett-Munger Bargain?
A Buffett-Munger Bargain is a "wonderful company" selling at a "fair price". To be a wonderful company a stock must pass Warren Buffett’s 7-point checklist:
1. Simple Business
2. Favorable Long-Term Prospects
3. Able and Honest Management
4. Consistent Earnings
5. Good Return on Equity
6. Little Debt
7. Very Attractive Price
What’s the Buffett-Munger Bargain Newsletter?
GuruFocus’s Buffett-Munger Bargain Newsletter picks one new "wonderful company" selling at a"fair price" every month. The pick is made using GuruFocus’s Buffett-Munger Screener and Warren Buffett’s 7-point checklist. A new issue goes out to subscribers on the third Friday of every month.
Get your copy of GuruFocus’s Buffett-Munger Bargain Newsletter now
- Warren Buffett
Can’t wait to know this stock’s name?
Get your copy of GuruFocus's Buffett-Munger Bargain Newsletter now
What’s a Buffett-Munger Bargain?
A Buffett-Munger Bargain is a "wonderful company" selling at a "fair price". To be a wonderful company a stock must pass Warren Buffett’s 7-point checklist:
1. Simple Business
2. Favorable Long-Term Prospects
3. Able and Honest Management
4. Consistent Earnings
5. Good Return on Equity
6. Little Debt
7. Very Attractive Price
What’s the Buffett-Munger Bargain Newsletter?
GuruFocus’s Buffett-Munger Bargain Newsletter picks one new "wonderful company" selling at a"fair price" every month. The pick is made using GuruFocus’s Buffett-Munger Screener and Warren Buffett’s 7-point checklist. A new issue goes out to subscribers on the third Friday of every month.
Get your copy of GuruFocus’s Buffett-Munger Bargain Newsletter now
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