It's class warfare, my class is winning, but they shouldn't be.
Only when the tide goes out do you discover who's been swimming naked.
In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.
Never invest in a business you don't understand.
No matter how great the talent or efforts, some things just take time.
I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.