Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More (#659) - The Blog of Author Tim Ferriss
As a potential buyer of a business, don’t get wrapped up in financial jargon and overcomplicated questions
Questions To Ask: What does this business do? Why do people buy this business and not the other business? How do you make money? How did this start? How did you get here?
Lesson: “And so it’s just asking really simple questions, like why is the