Readwise Highlights
Imported tag from Readwise
Readwise Highlights
Imported tag from Readwise
The company's strategy is simple. Acquire small vertical software businesses with little competition, apply best practices from past experience and repeat as often as possible.
Each quarter we try to study an admirable company and discuss it with our Operating Group managers and board members. We focus on high performance conglomerates that have demonstrated at least a decade of superior shareholder returns.
Fund the life you need before you risk it for the life you want.
Truth: We need to measure productivity by results, not by time spent working.
“He who has learned to disagree without being disagreeable has discovered the most valuable secret of negotiation.”
Focus on the IRR, not the margins. Margins are an output, not an input.