The Little Book of Sideways Markets Quotes

“1998, at Berkshire Hathaway’s annual meeting, Warren Buffett said, “We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.” Buffett plays bridge in his “do nothing” time, while his right-hand man Charlie Munger works on his mental models by reading books on various intellectually stimulating subjects.”
― Vitaliy N. Katsenelson, The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere

“a company growing at a rate substantially above industry growth would at some point become the industry, then the entire economy! The larger a company becomes, the more difficult it is to grow at the same high rate. This result is as inevitable as gravity.”
― Vitaliy N. Katsenelson, The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere