Things to Ponder - Part 2

When Warren Buffett wrote his 1979 Chairman’s Letter he said:

Both our operating and investment experience cause us to conclude that “turnarounds” seldom turn, and that the same energies and talent are much better employed in a good business purchased at a fair price than in a poor business purchased at a bargain price.

This applies to more than financial investments, you should think about this when investing your energies and talents in projects or companies. The temptation to save a failing project is high, but how much more could you achieve if you put that energy into building something new, something great.