"The worst sort of business is one that……" — Warren Buffett

"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."

Warren Buffett

462 Quotes by Warren Buffett

Warren Buffett has 462 quotes on this site. A few more worth reading:

See all 462 quotes by Warren Buffett »

More Advantage Quotes

This quote is filed under Advantage Quotes, one of 2,117 quotes in that category. Here are a few more:

See all 2,117 Advantage Quotes »