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TIP521: Warren Buffett's Shareholder Letters
We Study Billionaires - The Investor’s Podcast Network
Why We Should Avoid Dragons Than Slaying Them
After 25 years of buying and supervising a great variety of businesses, Charlie and I have not learned how to solve difficult business problems. To the extent we have been successful, it is because we concentrated on identifying one foot hurdles that we could step over rather than because we acquired any ability to clear seven footers. The finding may seem unfair, but in both business and investments, it is usually far more profitable to stick with the easy and the obvious than it is to resolve the difficult. If you were one that wanted to start a business, I think addressing a simple need is oftentimes much more profitable than solving something entirely new and complex. A lot of people see entrepreneurs on shark tank trying
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