The importance of focusing on a company's competitive advantage

Warren Buffett : "The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."

This quote from Warren Buffett, emphasizes the importance of focusing on a company's competitive advantage when making investment decisions. According to Buffett, the key to successful investing is not simply identifying industries or companies that are poised for growth or societal impact, but rather understanding the unique advantages that a particular company possesses and how sustainable those advantages are over the long term.