Excerpted from his 2007 letter to Berkshire Hathaway Inc. shareholders:
... The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.
Shooting down Orville (of the Wright Brothers)? kekeke..talk about werid sense of humor.
Apply it to our KLSE : Still interested in Airasia? Helloooo.. anyone?
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Let's talk KLSE stock market or FKLI when it is hot, talk something else when stock market is not so hot, biasa lah. (I am not a Guru wannabe. This blog is for my pleasure, and a bonus if it makes you happy). Invest, Trade Bursa Malaysia, Kuala Lumpur Composite Index, Trend, Visit Malaysia, Truely Asia, Exotic Malaysian Foods (Bah Kut Teh, Roti Canai, Nasi Lemak, Laksa, Char Kwey Tiao, Curry Fish Head).
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