Value Time Over Price

Buying a business solely based on its attractive price can lead to poor long-term outcomes, especially in challenging industries. Quick wins may prove to be misleading, as initial advantages can quickly diminish due to low returns. It's essential to prioritize investments that offer a robust long-term potential rather than short-lived gains. Building a quality company should take precedence over engaging in commoditized ventures, emphasizing that time benefits strong businesses while it harms mediocre ones.