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Is it Ever Okay to Buy a Good Business in a Bad Industry?
Thursday, March 2, 2017 23:17
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“…always avoid bad, immature industries. If you have to invest in a bad industry, at least make sure it is a mature industry. The easiest way to go broke is to invest in a business that is growing quickly and unprofitably.”
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Source: http://www.gannononinvesting.com/blog/2017/3/3/is-it-ever-okay-to-buy-a-good-business-in-a-bad-industry
