Form your letters slowly and well:
making things well
is more important than making them.
Antonio Machado
(translation by Robert Bly)
Because its purpose is to create a customer, the business has two basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.
Peter Drucker
Wisdom of the day: unsolicited advice is nearly always taken as (unconstructive) criticism.
Don’t buy good companies at great prices. Buy great companies at good prices.
Charlie Munger’s advice to Warren Buffet - considered to be the inflection point that changed their investing trajectory.
I continue to learn and re-learn this lesson constantly.