Quotes from Founder's Podcast
- Money comes naturally as a result of service.
- Ordinary things, done with extraordinary focus, over an extraordinary period of time.
- Find an earned secret and exploit it for two or three decades.
- Be a professional opportunist.
- Opportunity arrives after a loss.
- The best financial decisions are not financial decisions.
- You don't need to be a genius; you just need to collect more information.
- Reading is not hardâpick up a book and stare at it. If you're not doing that, you're not serious.
- Wise people don't solve problems; they avoid them.
- Genius has the fewest moving parts.
- Those at the margins often come to control the center.
- Mute the world, build your own.
- Don't do anything that someone else can do.
- A natural monopoly is ideal, but if not, take an oligopoly.
- Invest heavily in the technologies of the day.
- Ideas that are easy to understand are easy to spread.
- Make yourself easy to interface with.
- Relationships run the world.
- History doesnât repeat; human nature does.
- Quality of your life is the direct result of the quality of your decisions.
- Don't learn to deal with stress; learn to enjoy it.
- Belief comes before ability.
- Problems are opportunities in work clothes.
- Books are made out of books.
- Bad boys move in silence.
- Learning from history is a form of leverage.
- Designing in constraints is powerful.
- The world is your classroom.
- "Always more audacity." â Winston Churchill
- Excellence is the capacity to take pain.
- Actions express priorities.
- The public praises people for what they practice in private.
- There are ideas worth billions in a $30 history book.
- Successful people listen. Those that donât, donât last long.
- If you know your business from A to Z, no problem is unsolvable.
- Business is problems; the best companies are problem-solving machines.
- Gentlemen, watch your costs.
- You aren't advertising to a standing army; you're advertising to a moving parade.
- Self-pity has no utility.
- Always more audacious.
- Wisdom is prevention.
- Go for great (Munger).
- Go for freedom (Zell).
- Making mistakes is the privilege of the active.
- Time carries most of the weight.
- Incentives rule everything around you.
- Find a simple idea and take it seriously.
- Good ideas are rare; when you find one, bet heavily.
- Genius lies in ignoring the unimportant.
- Intensity is the price of excellence.
- You canât save souls in an empty church.
- Scale and fanaticism combined are powerful.
- If youâre not working on your best idea, you're doing it wrong.
- Ease isnât the goal; excellence is.
- Become friends with the eminent dead. (read histories and biographies)
- People are power law; the best ones change everything.
- By endurance, we conquer.
- Keep things simple and remember what you set out to do.
- The founder is the guardian of the companyâs soul.
- In business, the winning system maximizes or minimizes one or a few variables.
- Imitation precedes creation.
- Focus is saying no.
- Optimism is a moral duty.
- Intense concentration can bring out hidden resources in people.
- If anything is worth doing, it's worth doing to excess.
- Obsess over customers.
- Being extreme in your craft is essential in the age of leverage.
- Learning is not memorizing; itâs changing behavior.
- Repeat, repeat, repeat; volume and consistency win.
- If you love what you do, the only exit strategy is death.
- The story of the father is embedded in the son.
- The hard way is the right way.
- Be intolerant of slowness.
- Hire a professional critic.
- Experts donât know sh-t.
- I love the climb; I donât care where the summit is.
- "If you do everything, you will win."
- "Reading is forced meditation."
- "Action solves everything."
- A great product has to be better than it has to be.
- Itâs not what you do; itâs how you do it.
- "I'm not a businessman; I'm a business, man."
- "Forever on the attack."
- Life isn't about finding yourself; it's about creating yourself.
- Plan B should be to make Plan A work.
- The road to success is paved with mistakes well handled.
- The good ones know more.
- Avoid boring people.
- The best thing I did was choose the right heroes.
- All good things in life come from compounding.
- A players hire A players; B players hire C players.
- "Search all the parks in all your cities; you'll find no statues of committees."
- Have pride in creation, not consumption.
- Pay peanuts, get monkeys. 95. Once you find something that works, shut up about it.
- If you know the basics, you have an advantage over others (Kobe).
- Apply specific knowledge with leverage, and youâll get what you deserve (Naval).
- Thereâs no substitute for hard work.
- Collect a handful of ideas, then hammer them home repeatedly.
- Itâs slothful not to compress your thoughts.
- A novice is easily spotted because they do too much.
- "Repetition is persuasive."
- Keep the main thing the main thing.
đȘŽ
This is a transplant â someone else's idea, poem, or words that resonated with me.