Buffett and Munger Unscripted: Three Decades of Investment and Business Insights from the Berkshire Hathaway Annual Shareholder Meetings
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The worst business of all is the one that grows a lot, and where you’re forced, in effect, to grow to stay in the game at all, and where you’re reinvesting the capital at a very low rate of return. Sometimes people are in those businesses without knowing it.”
Axel Bojrup
Makes me think of OpenAI and the likes