Founders

#227 The Essays of Warren Buffett

647 snips
Jan 20, 2022
Explore the profound lessons from Warren Buffett's essays, focusing on investment principles and the significance of quality teams. Dive into the importance of emotional resilience when navigating market volatility and the value of cultivating strong relationships. Discover how empowering exceptional individuals in a work environment can drive success, and understand the critical differences between investing and speculation. Gain insights into Buffett and Munger's philosophies, emphasizing long-term commitment and continuous learning from history.
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ADVICE

Build an Excellent Business

  • Excellent businesses with strong economic characteristics and outstanding managers are rare.
  • Founders should strive to build their own companies to fit this description.
INSIGHT

Focused Investing

  • Warren Buffett's success comes from focused investing in companies with excellent economics and outstanding managers.
  • This approach is consistently emphasized throughout his letters.
ANECDOTE

Henry Singleton's Cash Focus

  • David Senra admires Henry Singleton, known for prioritizing free cash flow.
  • Singleton's approach to business was optimizing for free cash flow.
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