“The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money.”

—  Warren Buffett

2007 Chairman&#x27;s Letter http://www.berkshirehathaway.com/letters/2007ltr.pdf <br class="br">Letters to Shareholders (1957 - 2012) <br class="br">Context: 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.

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Warren Buffett146
American business magnate, investor, and philanthropist 1930

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