Quotes About Business

  • Warren Buffett on Charlie Munger

    Charlie, as a very young lawyer, was probably getting $20 an hour. He thought to himself, "Who’s my most valuable client?" And he decided it was himself. So he decided to sell himself an hour each day. He did it early in the morning, working on these construction projects and real estate deals. Everybody should do this, be the client, and then work for other people, too, and sell yourself an hour a day.

    The Snowball by Alice Schroeder

  • Jason Fried on Berkshire Hathaway

    I love old people in general. Warren Buffett and Charlie Munger, I think, Munger is in his 90s now and Buffett is in his 80s. But they’ve always had this kind of wisdom which is this old-school, almost Farmers’ Almanac style of wisdom. I’ve always been attracted to that. I think complexity has also become a sport, where it’s like the more complicated something is, the better you think you are at it. Like if you make it more complicated, you’re better at it or something. I just think it’s kind of the opposite. So, I love those guys. That book [Seeking Wisdom: From Darwin to Munger], to me, sort of highlighted a lot of that kind of thinking. So, anything that Munger has written. I love reading Warren Buffett’s letter to his shareholders, which I think is a must-read for anybody.

    The Tim Ferris Show - Podcast Interview

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  • Jason Fried on Jeff Bezos

    Focus on the things in your business that won’t change." Examples he gave us…In 10 years, no one is going to say "I wish Amazon had worse selection" or "I wish it took longer to get an Amazon product” or “I wish Amazon’s customer service was worse.” So they invest in those core areas all the time. Those investments will always pay off, vs chasing the next trend, fad, or moment.

    Medium.com/@jasonfried

    This idea is something that Jason Fried has said many times over the years since Jeff Bezos first became an investor in his company, 37signals. It's appeared in the 37signals' book, Rework, on their podcast, on their blog Signal v. Noise, on Twitter, and elsewhere. Here Jason expressed this idea concisely after someone on Medium asked, "What's the most important thing you learned form Bezos?"

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  • David Heinemeier Hansson on Steve Jobs

    "Real artists ship" was one of Steve Jobs' mottos. You can clearly see that ethos still in present-day Apple. There are no far-future tech demos from things in the R&D lab at Apple keynotes. While their car project is the perhaps one of the worst kept secrets in company history, they aren't deliberately trying to flaunt it. Because a tech demo isn't shipping. And shipping is what counts.

    Hey World - DHH Blog

  • Jason Fried on Jeff Bezos

    [Jeff] said people who were right a lot of the time were people who often changed their minds. He doesn’t think consistency of thought is a particularly positive trait. It’s perfectly healthy — encouraged, even — to have an idea tomorrow that contradicted your idea today. He’s observed that the smartest people are constantly revising their understanding, reconsidering a problem they thought they’d already solved. They’re open to new points of view, new information, new ideas, contradictions, and challenges to their own way of thinking.

    Signal v. Noise — The 37signals Blog

    This is from a blog post by Jason Fried describing a time Jeff Bezos, founder of Amazon and an investor in Jason's company, 37signals, stopped by their office to talk about product strategy with their team. 37signals has built many products over the years, but is most famous for their project management tool, Basecamp. Basecamp was one of the first web-based Software-as-a-Service (aka SaaS) products.

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