The document delves into the importance of conviction in business ownership, detailing the role of explicit and implicit convictions in investing decisions and the concept of Quality in company assessment.
wonderful essay on conviction in investing and life
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