"Build a better mousetrap, and the World will beat a path to your door."
Of course we know that's not entirely true – even if you build a better mousetrap, if you don't secure the patents and fail to develop adequate production, marketing and distribution systems or fail to adequately control your costs – the World can be a very unforgiving place.
Even if you do all those things right, you're only as good as your last quarter in the even more unforgiving stock market as the good people at BBRY can surely attest. While there is a lot of money to be made betting on the daily and monthly swings of the market – Warren Buffett has shown us that buy and hold still has a place in this World and, in fact, outperforms all the noise over time.
I'm not going to make this a post about Berkhshire – you can read my old post "Warren Buffett's Secret to Making 100% a Year" and you'll quickly get the gist of how much I like Warren and his company. Since 1965, each Dollar invested originally in Berkshire stock has grown 586,817% vs 7,433% for the S&P 500 – an outperformance of 79 TIMES in 45 years – averaging almost 2x the S&P average each year and then left to the miracles of compounding!
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