Time

Time is the enemy of the poor business and the friend of the great business. If you have a business that’s earning 20 % – 25 % on equity, time is your friend. But time is your enemy if your money is in a low return business.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), at the 1998 Berkshire Hathaway Annual Meeting, Quotations book 2018