Warren Buffett - The Most Important Part of a Business

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Omaha is special because it is home. Buffett worked in New York for a couple years, and there was just too much stimuli. There is nothing that happens in Omaha that distracts from Buffett's ability to think straight. Most CEOs go to all kinds of meetings and trade shows. What they need to really be thinking about is how to widen the moat around their business every single year. If you continue to widen the moat around your business, then good things are going to happen.

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