Tarun Deep Singh’s Reviews > What I Learned About Investing from Darwin > Status Update

Talks about buying companies which have “robustness” embedded in their structure:
- high ROCE
- minimal debt
- slow changing industry
- fragmented customer base
- stable management
- strong competitive advantage
Despite this it is felt that in future this robustness may or may not continue and hence the only hedge against this is buy buying it cheap, this makes such opportunities extremely rare.