A Quote by Warren Buffett
A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
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Over many generations, fortunes in the business world were made through buying and selling products in physical stores. Internet fortunes have been made buying and selling products online.
Formerly when great fortunes were only made in war, war was a business; but now, when great fortunes are only made by business, business is war.
If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
I always try and watch how business people think. I like to read a lot about business people. I'm not going to say I've got a great business mind, but I enjoy learning from the world of business.
There has been a seismic shift in the business world. The great classical business principles still hold true but they need to be fused with cutting edge internet technology.
I started my career counting diamonds and schlepping gold jewelry around the world. The jewelry business is a very, very tough business - tougher than the computer business. You truly have to understand how to take care of your customers.
Once you've been around this business long enough, anything is a possibility. It's a business first and foremost. Guys play it because they love it, but it is a business, and if you don't understand that it's a business, you're lying to yourself.
I assumed a business like a film studio would behave like a business and still want to protect its own interests, still do the best it could to get as many people paying for as many of their movies as possible. I realized this is not actually a business about business: it's a business of egos and dominance.
It is very difficult to reconcile the American ideal of a sovereign people capable of owning and managing their own government with an inability to own and manage their own business.
I know my own father's business was very dependent on the goodwill and business and trade from people in northern Mexico. We knew their families and went to their weddings and baptisms and balls and picnics, and we had a great time with them.
United States has always been very close to Africa and it's very sad now to see that Africa has a lot more friends - a lot more engagements with the Chinese, with the Indians, with the Brazilians as the United States retreats. Actually, Africa is a wonderful place to do business and American business is missing a big opportunity by really overlooking Africa.
The jewelry business is a very, very tough business - tougher than the computer business. You truly have to understand how to take care of your customers.
It's been many years that I've been in this business. All of a sudden, I'm getting all of these wonderful people approaching me and asking me to work with them. It's very hard to say no when you love and respect people.
Healthcare is a very complicated business and you need a very different business model to be successful in India; yet at a global level, there are a lot of challenges and opportunities.
I never could understand the popular belief that because a man makes a lot of money he has a lot of brains. Some very rich men who made their fortunes have been among the stupidest men I have ever met.
For a long time, the film business was a single-digit business on investment return. Now, because of home video, it's a low double-digit business, and the studios want to make sure it doesn't go back into the single-digit business.
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