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

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


Warren Buffett
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"Warren Buffett Quotes." Quoteslyfe.com, 2024. Wed. 01 May. 2024. <https://www.quoteslyfe.com/quote/In-a-commodity-business-it-s-very-1145925>.





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Other quotes of Warren Buffett


Just do it! First you make your habits, then your habits make you!

Just do it! First you make your habits, then your habits make you!



Price is what you pay. Value is what you get.

Price is what you pay. Value is what you get.



Honesty is a very expensive gift, Don't expect it from cheap people.

Honesty is a very expensive gift, Don't expect it from cheap people.



If you don't find a way to make money while you sleep, you will work until you die.

If you don't find a way to make money while you sleep, you will work until you die.



Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.

Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.



The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.

The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.



Read 500 pages every day. That's how knowledge works. It builds up like compound interest.

Read 500 pages every day. That's how knowledge works. It builds up like compound interest.



Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.



The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.

The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.



We don't have to be smarter than the rest. We have to be more disciplined than the rest.

We don't have to be smarter than the rest. We have to be more disciplined than the rest.





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For any given problem, if there's a simple solution it will already have been applied. So, perhaps, the solution isn't as simple as you think.

For any given problem, if there's a simple solution it will already have been applied. So, perhaps, the solution isn't as simple as you think.



When we panic, we instinctively turn to our own internal resources because we doubt Him.

When we panic, we instinctively turn to our own internal resources because we doubt Him.





The act of seeking is essential to life.

The act of seeking is essential to life.



Everything is done with a goal, and that goal is "good."

Everything is done with a goal, and that goal is "good."



Most fishing rods work better if you grasp them at the thick end. If you grasp a fisherman at the thick end, you may get a thumb bit off.

Most fishing rods work better if you grasp them at the thick end. If you grasp a fisherman at the thick end, you may get a thumb bit off.



Man hazards the condition and loses the virtues of a freeman, in proportion as he accustoms his thoughts to view without anguish or shame, his lapse into the bondage of debtor.

Man hazards the condition and loses the virtues of a freeman, in proportion as he accustoms his thoughts to view without anguish or shame, his lapse into the bondage of debtor.



Twitter is like Ozymandias' wall of tv's in Watchmen. You don't read every tweet, but from the whole you can absorb the zeitgeist.

Twitter is like Ozymandias' wall of tv's in Watchmen. You don't read every tweet, but from the whole you can absorb the zeitgeist.



If you are feeling something, then Shakespeare felt it and wrote about it - and wrote about it so eloquently.

If you are feeling something, then Shakespeare felt it and wrote about it - and wrote about it so eloquently.




Quote Description


This page presents the quote "In a commodity business, it's very hard to be smarter than your dumbest competitor.". Author of this quote is Warren Buffett. This quote is about business, competitors, commodity, smarter, hard, investing,.