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.
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.
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