Buy The Best Ahi Tuna Taco in Town...
It makes a lot of sense to focus on this: Monopolies that are good at what they do.
Dear Fellow Expat:
My dog got into the trash. So, it’s been an interesting 72 hours for her stomach.
On the way back from the vet, I saw a restaurant sign that caught my attention.
The sign said: “The Best Ahi Tuna Taco in Town.”
Now… that’s something to brag about.
First off… the town isn’t that big (Cockeysville, Maryland).
Second… combining Ahi Tuna and a Taco? That’s wild.
But as I drove home, I realized something…
It’s best to stick to what you’re good at.
Let’s find a stock that owns their market… and is great at what they do.
The Best Payment Processor in Town
For decades, people have said that Warren Buffett is the greatest investor on earth.
They associate him with deep value and quality stocks.
But there’s something too many people overlook.
He buys monopolies and duopolies.
He doesn’t just buy the best company specializing in town.
He buys the only game(s) in town.
Buffett owns huge stakes in the three largest payment processors in the world: American Express (AMEX), Visa (V), …
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