Once upon a time, Business Mogul Warren Buffett bought the Washington Post newspaper. The previous owner and publisher at the time was Katharine Graham. Her father built the paper and transitioned it to Phil Graham, Katharine’s husband. Katherine took on the publishing duties when her husband committed suicide. She guided the newspaper to editorial greatness, and navigated the Watergate scandal as Bernstein and Woodward reported it on the front pages. But the company was in financial trouble.

Warren Buffet’s business development strategy is this: Do a balance sheet analysis on companies of interest. Find companies with undervalued, underutilized assets. Buy them. Fix them. Make lots of money. […]