What is the term “understanding a business” mean?

Question by DON: What is the term “understanding a business” mean? Warren Buffet always says in his interviews, “Unless I don’t understand the business completely, I won’t invest”. What does he exactly mean by the term “Understanding a business” here. Can I someone explain cleary? –Thanks Best answer: Answer by G D“understanding a business” usually… Continue reading What is the term “understanding a business” mean?