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#279 What I Learned Before I Sold to Warren Buffett

Founders

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Navigating Crisis and Emphasizing Focus

This chapter recounts a significant financial crisis in the 1960s that led to a crucial reassessment of business relationships and strategies. It highlights the importance of focusing on core competencies, such as diamond trading, while fostering a welcoming customer atmosphere and encouraging urgent action within company culture. Through anecdotes and lessons learned, the chapter underscores the value of hiring the right talent and maintaining a supportive environment for both employees and customers.

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