Daniel Bakalarz
- One sidelight here: it is extraordinary to me that the idea of buying dollar bills for 40 centstakes immediately to people or it doesn’t take at all. It’s like an inoculation. If it doesn’t grab aperson right away, I find that you can talk to him for years and show him records, and itdoesn’t make any difference. I’ve never seen anyone who became a ... See more
from The Superinvestors of Graham-and-Doddsville by Warren Buffett
- 8. Know the difference between information and influence.
from Reflections on the Ten Attributes of Great Investors by Dan Callahan
- Making money in markets requires having a point of view that is different than what the current pricesuggests. Michael Steinhardt called this a “variant perception.”13 Most investors fail to distinguish betweenfundamentals and expectations. When fundamentals are good they want to buy and when they are poorthey want to sell. But great investors alwa... See more
from Reflections on the Ten Attributes of Great Investors by Dan Callahan
- 6. Meta, Metamates, Me, which is, it’s sort of this adaptation from this old naval saying, “Ship, shipmates, self.”
from The Tim Ferriss Show Transcripts: Mark Zuckerberg on Long-Term Strategy, Business and Parenting Principles, Personal Energy Management, Building the Metaverse, Seeking Awe, the Role of Religion, Solving Deep Technical Challenges (e.g., AR), and More (#582) by Mark Zuckerberg
reminder: Industry structure is always analyzed from the perspective of companies already in the industry. Because potential entrants must overcome entry barriers, this explains why an industry can be “attractive” to incumbents while at the same time not attracting new competitors.)
from Understanding Michael Porter: The Essential Guide to Competition and Strategy by Joan Magretta
- “If it’s obvious to everyone that we’re going to be able to do each of the things that we’re working on, then I don’t feel like we’re making the most of what we need to do.”
from The Tim Ferriss Show Transcripts: Mark Zuckerberg on Long-Term Strategy, Business and Parenting Principles, Personal Energy Management, Building the Metaverse, Seeking Awe, the Role of Religion, Solving Deep Technical Challenges (e.g., AR), and More (#582) by Mark Zuckerberg
As Paccar illustrates, good strategies are like shelters in a storm. Five forces analysis will give you a weather forecast.
from Understanding Michael Porter: The Essential Guide to Competition and Strategy by Joan Magretta
- “One of the things that I’ve always found is you can … get an organization and a team through almost any challenge as long as you can maintain good cohesion. When our stock price goes down, that doesn’t make me not sleep at night. When there’s a new competitor, that doesn’t make me not sleep at night. If there’s an issue on my team and there isn’t ... See more
from The Tim Ferriss Show Transcripts: Mark Zuckerberg on Long-Term Strategy, Business and Parenting Principles, Personal Energy Management, Building the Metaverse, Seeking Awe, the Role of Religion, Solving Deep Technical Challenges (e.g., AR), and More (#582) by Mark Zuckerberg
You begin to see each activity not just as a cost, but as a step that has to add some increment of value to the finished product or service.
from Understanding Michael Porter: The Essential Guide to Competition and Strategy by Joan Magretta