A Quote by Warren Buffett

The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago. — © Warren Buffett
The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
Well I think in all the thirty years I've been doing this now and being gone from home and all that stuff it's really, it's not about what I've achieved and if I've become a better player, or played better ten years ago than I do today.
Yes, business really does change. 400 years ago, corporations were formed by royal decree. 300 years ago, many countries were powered by slave labour, or its closest moral equivalent. 200 years ago, debtors didn't go bankrupt, they went to prison. 100 years ago - well, business is largely the same as it was a century ago. And that's exactly the problem. Business hasn't changed, but today's array of tectonic global shocks demands a different, radically better kind of business. Yesterday's corporations visibly cannot meet today's economic challenges.
There's a lot of brilliant comics who are amazing, but you can see them doing the same 20 minutes that they were doing five years ago, verbatim. I think that doesn't lend itself to progressing.
Something worth doing might take a while, so really flesh out the potential of the business and be honest about whether it's worth doing. If it's not a $100 million company in five years, maybe it'll take 10 or 15 years. If you're doing something that has a universal, timeless need, then you need to think of the company in a timeless way.
If you're doing something the same way you have been doing it for ten years, the chances are you are doing it wrong.
Five-hundred years ago people were saying in manuscripts, "Can you believe these kids today?" They were saying that same phrase everyone says now. No one can believe the youth and what they're doing and how culture is going and how it might fall apart.
If you look at Hollywood today, compared to five years ago, 10 years ago, 20 years ago or 30 years ago, the change from moment to moment has always been extraordinary. It never stops moving.
It's like they say in the Internet world — if you're doing the same thing today you were doing six months ago, you're doing the wrong thing. Parents can learn a lot from that.
Don't let your present problems defeat you. The Chinese have a saying that if you live with a disaster for three years it will turn into a blessing. Look back in your own life at what appeared to be a devastating situation five or ten years ago. Many of those situations were the turning point that caused a number of great things to happen in your future. Regardless of what happens today, realize it is the beginning of something good.
The public interest requires doing today those things that men of intelligence and good will would wish, five or ten years hence, had been done.
People say to me, 'What are you going to be doing in five years?' The thing is, I don't care! It's what I'm doing today that matters.
Ten years ago I also had a very difficult decision to make when we had (Carlo) Cudicini giving fantastic performances in Chelsea’s goal for many years. I had in my hands a 22-year-old goalkeeper I thought could be in Chelsea’s goals for years and years and years and this situation is quite similar.
We used to sit around and chortle, 'Look what this guy said five years ago, and today look what he's doing. Let's stick it to him!' It's as simple as that, I swear.
Ten years ago when I started out I was kind of told I was insane for trying to pursue multiple fields at once because in five years everyone who just did one would have five times the resume I would if I was lucky, but I took that gamble because I just my gut told me it was the right thing to do and you know as an actor there is so much downtime you want to fill it with something else and as a writer you know sometimes you're doing a passion project, sometimes it's a paid gig, sometimes there is nothing, so you can do a journalistic piece.
It’s fascinating how the fundamentals of business-to-business marketing are the same today as they were 50 years ago. It’s still about relationships although today we have new tools and techniques at our disposal.
You can't live in the times that you live in and be exposed to all the new music that's happening, ignore it all, and carry on doing the same stuff as you were ten years ago.
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