Archive for 01/2015

“Racing improves the breed”

"Racing improves the breed" is a popular adage of many kinds of racing. "That racing improves the breed of running horses, is not denied" was cited in print in 1835. Throughout…

Economic Moat

American investor Warren Buffett said in 1985: "There are some businesses that have very large moats around them and they have crocodiles and sharks and piranhas swimming around them. Those…