~ Warren Buffett, Berkshire Hathaway 1989 Annual Report, March 2, 1990
Nov 19, 2021
Warren Buffett on how size will limit performance
We face another obstacle: In a finite world, high growth rates must self-destruct. If the base from which the growth is taking place is tiny, this law may not operate for a time. But when the base balloons, the party ends: A high growth rate eventually forges its own anchor.
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