I know the country works extremely well. You know, but when it isn't clogged up.
If principles can become dated, they're not principles.
The value of a business is the cash it's going to produce in the future.
Exercise humility and restraint.
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
Nevertheless, as circumstances presently appear, I feel substantially greater size is more likely to harm future results than to help them. This might not be true for my own personal results, but it is likely to be true for your results.