Business

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

3 things to never do at work, according to an HR professional with 10 years’ worth of experience:

1. Don’t overshare
2. Don’t be humble about your accomplishments
3. Don’t stick around too long at parties
   – Valerie Rodriguez

Elon Musk calls it “the algorithm,” a distillation of lessons learned while relentlessly increasing production capacity at Tesla’s Nevada and Fremont factories.

1. Question every requirement.
2. Delete any part or process you can.
3. Simplify and optimize.
4. Accelerate cycle time.
5. Automate.

If your business depends on you, you don’t own a business-you have a job. Until an entrepreneur’s company runs without the founder, that person is just self-employed, the lowest rung in the hierarchy of entrepreneurs. – Kevin D. Johnson

You don’t have to be busy to be productive. What you must be is intentional with your time. – Dad

The largest losses I’ve sustained in business have come from trusting a supplier without verification of their capabilities. CYA or be prepared to suffer the consequences.