Sublime

disruptive technologies that may underperform today, relative to what users in the market demand, may be fully performance-competitive in that same market

a) a responsabilização de empreendedores/investidores; b) a proteção à privacidade; e c) as garantias relativas à propriedade intelectual das empresas.

focus on industries with attractive economic characteristics, selectively use leverage to buy occasional large properties, improve operations, pay down debt, and repeat.

This was illustrated brilliantly to me by Professor Bill Meehan, who spent thirty years with McKinsey advising CEOs and senior leaders on strategy and now teaches a class called “The Strategic Management of Nonprofits” at the Stanford School of Business.

Profits also come, in large part, from the firm’s ability, through its project team structure, to leverage the professional skills of the seniors with the efforts of juniors.

Profits are a product of doing the right thing—over and over again.