
“An agricultural enterprise requires: 1st, a suitable person; 2nd, capital; 3rd, an estate.”
Source: The Principles of Agriculture, 1844, Section I: The fundamental principles, p. 8.
Source: The Adventures of Tom Sawyer
“An agricultural enterprise requires: 1st, a suitable person; 2nd, capital; 3rd, an estate.”
Source: The Principles of Agriculture, 1844, Section I: The fundamental principles, p. 8.
Vol. II, Ch. XVII, p. 351.
(Buch II) (1893)
Source: Marxism, Fascism & Totalitarianism: Chapters in the Intellectual History of Radicalism, (2008), p. 55
Source: Give Me Liberty! (1998), Ch. 7 : The New Slave Master, p. 89
As quoted in The Independent (25 February 1989)
2007 Chairman's Letter http://www.berkshirehathaway.com/letters/2007ltr.pdf
Letters to Shareholders (1957 - 2012)
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.
Source: Europe and the People Without History, 1982, Chapter 12 The New Laborers, p. 354.