Business

The market will tell you if an idea is worth the investment. Remember, not every company is entitled to success. Some projects end up having a limited shelf life or no life at all. Let’s call it the Natural Selection of Entrepreneurship. – Dad

Heavy Assets, Low Obsolescence (HALO) refers to an investment strategy focusing on companies with significant, hard-to-replicate physical infrastructure that is unlikely to become obsolete due to technological advances, particularly AI. – Josh Brown

Very seldom will the worst consequence be anywhere near as bad as a cloud of “undefined consequences”. My father would tell me early on, when I was struggling and losing my shirt trying to get Parsons Technology going, “well, Robert if it doesn’t work, they can’t eat you”. – Bob Parsons

I believe that not much happens of any significance when we’re in our comfort zone. I hear people say “but I’m concerned about security”. My response to that as simple: security is for cadavers. – Bob Parsons

After 60 wealth is not supposed to buy more wealth. It’s about piece of mind. Freedom from financial anxiety. Ability to be generous. Room to breathe. If you’re 65 with substantial savings and you’re still anxious about spending $100 you’ve missed the point entirely. You won the game and refused to leave the field. – Charlie Munger

You’ve got to know when to hold em. Know when to fold em. Know when to walk away. Know when to run. – Kenny Rogers