Business

Patience doesn’t pay the bills. – Dad

Its easy to get loose with your finances when things are going well. A few extra memberships here, a few extra subscriptions there, who cares right? Maybe you don’t have the patience to audit yourself every month, but at least do it every few months. Membership based business are designed to set and forget. In fact many are counting on you to do just that. Be diligent. – Dad

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