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Business

Business

4/4/24

Horizontal industries live and die by mass production and mass marketing. They all follow three rules:

  1. Don’t differentiate without making a difference to the customer.

2. Opportunity knocks when a technology breakthrough or other fundamental change occurs. Grab it before your competitors do.

3. Price for what the market will bear. Price for volume, then work like the devil on your costs so that you can make money at that price. This will lead you to achieve economies of scale in which large investments that are necessary can be spread out to recoup the costs.- Andrew Grove

April 4, 2024
278
Business, Inspiration

4/1/24

A strategic inflection point is a time in the life of a business when its fundamentals are about to change. That can mean an opportunity to rise to new heights. But it may just as likely signal the beginning of the end. The prime responsibility of a manager is to be on guard for just such an opportunity or an attack. – Andrew Grove

April 1, 2024
293
Business, Inspiration

3/28/24

The quickest way for a tadpole to become a frog is to live everyday joyfully as a tadpole. – Brian Smith, Founder of Uggs

March 28, 2024
112
Business
Business

3/11/24

If we have data, let’s look at data. If all we have are opinions, let’s go with mine. – Jim Barksdale

March 11, 2024
304
Business
Business

3/2/24

Warren, forget about ever buying another company like Berkshire. But now that you control Berkshire, add to it wonderful businesses purchased at fair prices and give up buying fair businesses at wonderful prices.” – Charlie Munger to Warren Buffet in 1965 upon buying Berkshire Hathaway

March 2, 2024
243
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