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In a commodity business, it's very hard to be smarter than your dumbest competitor.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Competitor
Competitors
Commodity
Smarter
Investing
Business
Hard
Dumbest

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Our favorite holding period is forever.
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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