Matthew Ackerman

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A business with poor economics is a slow boat to nowhere and makes a lousy long-term investment. The intensely competitive nature of the business means that it will suffer slim margins on sales and have a constant need to upgrade the plant to stay competitive. If its products have to constantly change to stay competitive, then there is the added problem of financing research and development.
Matthew Ackerman
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The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management
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