WARREN BUFFETT: A lot of Businesses will fail

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WARREN BUFFETT: A lot of Businesses will fail

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[kyandzans]

I agree with Warren Buffet, a faster train moving at 90kmh might carry only 30 tons. But a slower train moving at 30kmh may carry 150 tons.

The slower train makes one journey and summarizes the number of 5 journeys the faster train needs to make for 150 tons delivery.

Hence, more journeys made, more risks. Less journeys made, less risks.

That is investigating wisdom. Risk management.

[kevino.]

His friend did “ok” in the steel business… he only became a multi millionaire. 😂

[omarfarique]

Always start a business in an industry where there is hype. This will make you rich fast. But do remember hype don't last forever so cash out (Sell your business) before the hype dies out. If you want to make money follow the money.

[ryanbizahaloni]

I'm a carpenter and have my own carpentry business:
Been riding that train for 7 years now.
Bout to finish up a BA then, hopefully, law school.

[tonyrivera]

Long story short, don’t do any work just throw money at it.

[zarodgaming]

lmao ...i'm not gonna design that train
i'm not gonna fund that train
i'm not gonna drive that train
i'm just gonna be here ... until it works, then if it doesn't it's your hekking problem xD

[solstice]

Come to France. Our trains go up to 180m/h

[jikal]

What if all the trains are out of gas?

[crypto]

He is on a slow train and missed the high speed crypto train... hilarious

[megamail]

But, what 'great business' is he talking about?

Depending on the 'great business', here are some facts to consider:

*You have to have big money to invest,
*It must be proven that the business brings results (the 90 miles an hour train idea),
*You have to find people who support your business mindset,
*You have to have a back up plan in case you fail.

So, the idea of finding a 'great business' is not enough. He should have said which business is a 'great business'.

Otomatik😏🙌!!

[Nicklan]

yes not everyone has 9 billion a year coming in as cash flow from there insurance companies like this man

[victorleon]

So true - I wonder why you have not invested in Tesla ❓

[MrGamecatCanaveral]

This is stupid. That's the gamble. You don't know which business is going to be good.