Strategic Success Isn't Just About the People

I was watching an old thing on Warren Buffett and Charlie Munger where they were talking about how they've gone about selecting the businesses that they've invested in. And it's kind of interesting because they said, well, you know, we've been very fortunate. We've been very lucky that a lot of the people who are the businesses that we've decided to invest in. You know, I forgot the right people. Yes. They are the classic example of prioritization and focus. But they make amazing strategic decisions on very, very few investments. The ones that they invest in, they keep investing in year in year out until they own majority shares. It's like 80% of Buffett