Warren Buffett Quotes:
Ocupation: Investor
Life: b. August 30, 1930
Birthday: August 30
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.
source: Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.110, John Wiley & Sons
topic: Brother, Thinking, Growth, Successors, Wright Brothers
