Warren Buffett on why a business that grows rapidly can be dangerous
The worst sort of business is one that grows rapidly, requires significant capital to engender the Growth, And Then earns little or no money. Think airlines. Here a durable competitive HAS Advantage cur elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist HAD Been present at Kitty Hawk, He Would Have done a huge favor HIS successors by shooting Orville down. 
0 comments:
Post a Comment