FA Notes February 18, 2011
February 18th, 2011
China raises bank reserve rate by 50bps. Link
AAPL – U.S. anti-trust enforcers looking at Apple’s 30% cut subscription terms. Link
Picture of President Obama having a toast with tech leaders in California. Link
Buffett says pricing power is more important than management. Link
“The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview released by the panel last week. “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 10 percent, then you’ve got a terrible business.”
Categories: FA Observations