underscored

@underscored

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The best business is one where you can raise prices without losing customers. The second-best business is one where you can raise prices and gain customers.

Charlie Munger, Berkshire Hathaway Annual Meeting (2010)
2d ago

The best business to be in is one where you can raise prices without losing customers, and yet few businesses qualify. Most businesses are competitive enough that if they raise prices, they lose significant volume.

1w ago

Underscored — save the words that stop you in your tracks.

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