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.
“When starting out, ensure your business has adequate capital for growth.”
Interview http://www.newvision.co.ug/mobile/Detail.aspx?NewsID=630054&CatID=3 with New Vision
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Sudhir Ruparelia 3
Ugandan businessman 1956Related quotes
Quoted in The Times of India, "Pratibha Patil sworn in as President" http://timesofindia.indiatimes.com/india/Pratibha-Patil-sworn-in-as-President/articleshow/2232871.cms, July 25, 2007.
"Dare to declare capitalism dead – before it takes us all down with it" https://www.theguardian.com/commentisfree/2019/apr/25/capitalism-economic-system-survival-earth, The Guardian, 25 April 2019.
Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 359
“Growth begins when we start to accept our own weakness”
"The Wit & Wisdom of Will Arnett," Playboy Magazine (March 29, 2007) http://blutharnett.blogspot.com/search/label/Playboy%20Magazine
2007