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" ... In business, logistics is everything. A good idea with bad execution is nowheresville, or as Marlon Brando once put it in On the Waterfront, "a one way ticket to Palookaville." ... "
" ... Let me beam young Buffett a brainwave. The rag business is nowheresville. Take whatever earnings you can scrape together and allocate your capital elsewhere. For example, have you considered insurance? What about credit cards and newspapers and utilities and railroads? Good Golly Miss Molly, even a candy company will do better than these ancient textile mills. ... "