00:00 Question
00:53 Answer
Warren Buffett and Charlie Munger, the Omaha-born legendary investors, explain what they consider is a great business particularly with respect to their return on capital and return on incremental capital which are measurements that they both put great importance on when making investment decision. They have said on numerous occasions that having a great return on capital and incremental capital is one of the characteristics of a business possessing a sustainable "moat".
