Warren Buffett Quote

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 advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.


2007 Chairman's Letter - Letters to Shareholders (1957 - 2012)

Picture Quote 1

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...

Picture Quote 2

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...

Picture Quote 3

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...

Picture Quote 4

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...