The Acorn Theory of Business Growth

Success in business is akin to the growth of an oak tree from an acorn. It requires patience, diligence, and a willingness to go through each stage of growth. Warren Buffett's approach to building Berkshire Hathaway exemplifies this, as he painstakingly acquired more companies and built a buffer over 54 years in the cyclical textile industry, navigating through periods of earnings and heavy losses.