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094 Versus “The Gathering Darkness,” Part 3 – Support Ownership of Great Businesses By Understanding The Rational Refusal to Lose Money
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Key Takeaways
00:56 - The Characteristics of Profit-Seeking Businesses
07:11 - Profitability in Business Locations
13:06 - The Power of Benefit and Uniqueness
Tweetable Quotes
"Rational, profit-seeking businesses will choose to protect their capital, regardless of what that does to a community or a geography. They cannot be forced to do otherwise."
"The moment the mistake or the surprise are realized, the activities of the executives and the board of directors will be 100% focused on reducing the losses and returning to profitability. This is their job."
"Capital invested in businesses will remain invested in those businesses so long as it is loved and allowed to prosper. When it is no longer loved, it will leave and prosper elsewhere."
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