“If it won’t stand a bit of mismanagement, it’s not a good business”, a friend of Munger said. It is good to invest in good people behind good ideas, but it is very important that the business itself is solid and straightforward, and that it has a competitive advantage.
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Similar ideas to Keep it simple (look for businesses that are simple, solid, and straightforward)
Honor Wilson-Fletcher said that reading “opens doors and makes life easier, so at the end of the day it doesn’t matter what you read. What’s more, it really can make you feel good!” This is very true, and it outlines how important it is to read, if you want to live a successful life.
I believe we’re responsible to everyone for something, even if it’s something as basic as an affirmation of their humanity. However, it should most often go far beyond that and manifest itself in service to others, to being a voice for the voiceless.
If you’re reading this, there are those...
Exercise and high-fiber foods are good for gut bacteria.
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