Great Quotes: Warren Buffett’s 3 I’s of Every Business Cycle

Warren Buffett has a plethora of famous and immeasurably valuable investing quotes. In this clip, David Gardner shares one (paraphrased) quote about the 3 I’s of every business cycle: innovators, who see opportunity where others don’t; imitators, who take note of what the innovators are doing and mimic it (with varying degrees of success); and idiots, who jump on the bandwagon a mile too late with poorly-executed attempts to cash in on what everyone else is doing. This podcast was recorded on Mar. 23, 2016. Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode... And 3 established companies are positioned to take advantage. Click http://bit.ly/1zQXjzy for a stunning presentation. ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool

Comments

1. love this 3 I's