A Quote by Warren Buffett

In a commodity business, it's very hard to be smarter than your dumbest competitor. — © Warren Buffett
In a commodity business, it's very hard to be smarter than your dumbest competitor.
You're only as good as your dumbest competitor.
You're not smarter than your competitor. Just copy what they do and do it until you get their numbers.
When you're in a commodity business, the only way to thrive is to be a low-cost producer. And when you're selling money, you're in a commodity business.
On Twitter, Donald Trump has called me a "poor journalist, stupid, a very dumb guy, the dumbest political commentator on television, and the dumbest man on TV."
I guess I think I'm writing for people who are smarter than I am, because then I'll be doing something that's worth their time. I'd be very afraid to write from a position where I consciously thought I was smarter than most of my readers.
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.
If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
I think a lot of longevity, especially as a performer, depends on kind of what your commodity is. If your commodity is your cuteness and your chubby cheeks and your big gap between your teeth, if that's what your greatest asset is, of course that fails or that changes, you know, that goes away. Of course that fades.
If your business is not a brand, it's a commodity.
The game Flights of Fancy or Reverse Strip Jump is played from as high a jumping-point as a competitor will dare. After each successful jump, the competitor is allowing to put on an article of clothing. Thirteen jumps is normally more than enough to see a competitor fully dressed for the day.
Business is just like sports: if you're the best in the group that you run in, you're never going to get any better. It's the same thing in business. I surround myself with people who are smarter than me and have more experience than me, and I have gotten a lot of great advice.
There are so many movies like this, where you thought you were smarter than the screen but the director was smarter than you, of course he's the one, of course it was a dream, of course she's dead, of course, it's hidden right there, of course it's the truth and you in your seat have failed to notice in the dark.
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.
I went to a school where everyone was smarter than me. And I'm not blowin' smoke, I, my, I was surrounded by genius, genius kids. What's interesting about growing up in a culture like that is you go, "All right, I gotta figure out what my thing is. Because I'm not smarter than these kids. I'm not funnier than half of them, so I better figure out what it is I wanna do and work really hard at that because intellectually I'm treading water to, to be here."
He's a very competitive competitor, that's the sort of competitor he is.
My dad is a very good sounding board. He's very, very smart. Both of my parents are very, very sharp, much smarter than I, I'm happy to acknowledge.
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