In an interview with the Financial Crisis Inquiry Commission (FCIC), Buffett said, "The single most important decision in evaluating a business is pricing power. 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." Lubrizol appears to fit the bill.
Read more: http://www.marketfolly.com/2011/03/why-did-warren-buffett-purchase.html#ixzz2LY1buBpj
Read more: http://www.marketfolly.com/2011/03/why-did-warren-buffett-purchase.html#ixzz2LY1buBpj
