Warren Buffet is absolutely right.. If you've got the power to raise prices without losing business to a competitor, you've got a very good business.
One has got to monopolise he's business to reach a level of raising prices without affecting the sales.
Being successful involves much more than hardwork. It involves ruthless actions that might affect customers and the system in general. But that's the price of having success in everything one engages in and maintaining the spot at the top of the wealthiest list.
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