Like it Rick, but unless it's an autonomous vehicle, that car is going no where without the DRIVER.
If we were to think about a business as a racing car, we could make these parallels,
Now, if we were to think about how we would choose a winning racing car...what would we be looking for? We're obviously looking for the highest powered, best acceleration, lightest weight car with a trusted, highly skilled and experienced driver behind the wheel.
What is most important for overall performance?
Back to businesses - we are looking for a business with HIGH ROE that drives HIGH GROWTH that carries LOW DEBT and has trusted, skilled and experienced MANAGEMENT that doesn't make mistakes.