Founders: #202 A Few Lessons From Warren Buffett

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What I learned from reading A Few Lessons for Investors and Managers From Warren Buffett by Warren Buffett and Peter Bevelin. ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- Big opportunities come infrequently. When it’s raining gold, reach for a bucket, not a thimble.Speculation is most dangerous when it looks easiest.Now it is a funny thing about life; if you refuse to accept anything but the best you very often get it. —W. Somerset Maugham"Moats" —a metaphor for the superiorities they possess that make life difficult for their competitors. Business history is filled with "Roman Candles," companies whose moats proved illusory and were soon crossed.When a company is selling a product with commodity-like economic characteristics, being the low-cost producer is all-important.In a business selling a commodity-type product, it's impossible to be a lot smarter than your dumbest competitor.As a wise friend told me long ago, "If you want to get a reputation as a good businessman, be sure to get into a good business

[00:00:00] Customer Review A Guide to Both Wisdom and Sherlock Holmes We Sherlock Holmes fans, readers, and secret imitators need a map. Here it is. Peter Bevelin is one of the wisest people on the planet. He went through the books and pulled out sections from Conan Doyle's stories that are relevant to us moderns. A guide to both wisdom and Sherlock Holmes. It makes you both wiser and eager to [00:00:28] reread Sherlock Holmes. That was a review from Amazon. And it's also the way I discovered the book that I'm going to talk to you about today, which is A Few Lessons for Investors and…

Founders: #202 A Few Lessons From Warren Buffett

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