Business Quote by Warren Buffett
“Time is the friend of the wonderful company, the enemy of the mediocre.”
About This Quote
Source Interview: CNBC, 2013
Great companies thrive over time, while average ones decline.
In simple terms: Good companies endure; mediocre fade.
Key Takeaway
Focus on building lasting value.
Themes
business
longevity
quality
competition
strategy
Mood
optimistic
analytical
Type
business
motivational
When to use this quote
- entrepreneurship
- career planning
- company evaluation
- market analysis
Key Concepts
Economics
management
investment
Questions to Reflect On
- What distinguishes a wonderful company?
- How can mediocrity be avoided?
A Different Perspective
External shocks can disrupt even strong firms.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)
