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To: Nevada9999 who wrote (213986)4/4/2012 4:18:02 PM
From: mimur  Respond to of 313889
 
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, annual letter to Berkshire Hathaway shareholders, February 2008.



To: Nevada9999 who wrote (213986)4/4/2012 4:18:56 PM
From: Cogito Ergo Sum  Respond to of 313889
 
Porter will be history up here then :O)