Mental Models
The world doesn’t reward equally. The only thing we know for sure is that it rewards follow through and iterations.
We select our marketable equity securities in much the same
way we would evaluate a business for acquisition in its entirety.
We want the business to be (1) one that we can understand, (2)
with favorable long-term prospects, (3) operated by honest and
competent people, and (4) available at a very attractive price.
We ordinarily make no attempt to... See more
way we would evaluate a business for acquisition in its entirety.
We want the business to be (1) one that we can understand, (2)
with favorable long-term prospects, (3) operated by honest and
competent people, and (4) available at a very attractive price.
We ordinarily make no attempt to... See more
Chairman's Letter - 1977
be around things you can understand, think in decades, be around good and honest people, don’t pay too much
Groucho Marx: "I don't want to belong to any club that would accept me as a member."
Are You Breaking… or Having a Breakthrough? - David Goggins
open.spotify.com
Backsolve from desired outcome