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“This is analogous to the situation in which the robber says, “stick ’em up, I want your money,” and the deranged-looking victim says “If you take it, I will explode this bomb and kill us both!”
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
“In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.”
― Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
― Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
“In my whole life, I have known no wise people (over a board subject matter area) who didn't read all the time - none, zero. You'd be amazed how much Warren reads - and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.”
― Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
― Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
“consumers tend to be more price sensitive if they are purchasing products that are undifferentiated, expensive relative to their incomes, or of a sort where quality is not particularly important to them.”
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
“Overcoming fragmentation can be a very significant strategic opportunity. The payoff to consolidating a fragmented industry can be high because the costs of entry into it are by definition low, and there tend to be small and relatively weak competitors who offer little threat of retaliation. I have stressed earlier in this book that an industry must be viewed as an interrelated system, and this fact applies to fragmented industries as well. An industry can be fragmented because of only one of the factors listed in the previous section. If this fundamental block to consolidation can be somehow overcome, this often triggers a process by which the entire structure of the industry changes.”
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
Susan’s 2024 Year in Books
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