Joe Stampone

"Exceptional people are rare. When you find someone wonderful, invest in them.

·         When you find a great employee, pay them well.

·         When you find a great friend, prioritize the relationship.

·         When you find a great spouse, out-love them each day.

Relationships are probably the most important part of life. Take care of the great

Charlie Munger on how to develop good judgment:

“I sought good judgment mostly by collecting instances of bad judgment, then pondering ways to avoid such outcomes.”

Skill is whatever happens repeatedly. Everything else is a story.

Perfection is expensive. The last 5 percent of quality almost always costs a disproportionate amount of time and money.

My favorite type of purchase is where you spend 80 percent of the cost, but get 95 percent of the value. The best combination of cost and quality is often one step down from perfect

I think of it as embracing a Tinkerer's Mindset. Try stuff. Fail quickly. Learn from each failure. Try more stuff. The cost of failure is much lower than you think. Nobody's judging you. Nobody cares.

Mindset is the first thing that matters and the last thing anyone works on.

The person who approaches a problem like an opportunity has an advantage that the person who sees an obstacle will never understand.

Sooner or later people realize that everything comes down to mindset.

Nothing great was ever built by someone who had to be talked into building it.

Football coach Bill Walsh, winner of three Super Bowls, reminds us that standards come first and results follow:

"Champions behave like champions before they're champions; they have a winning standard of performance before they are winners."

Source: The Score Takes Care of Itself