UNSCRAMBLING THE TESCO PUZZLE

摘要

Analyzing a company is like putting together a jigsaw puzzle that you bought at a garage sale -some pieces will always be missing. The beauty of investing is that to succeed you don't need all the pieces, just enough to see what the picture is trying to tell you. I've been solving the puzzle of Tesco since Warren Buffett bought a stake in the grocer a few years back. The pieces I gathered piqued my interest enough to actively follow the company every quarter but not enough to buy its shares. Finally, over the past few months, Tesco's puzzle came together for us and we purchased its stock.