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