“There is no tougher job in corporate America than running an airline: Despite the huge amounts of equity capital that have been injected into it, the industry, in aggregate, has posted a net loss since its birth after Kitty Hawk. Airline managers need brains, guts, and experience—and”
― Berkshire Hathaway Letters to Shareholders: 1965-2024
― Berkshire Hathaway Letters to Shareholders: 1965-2024
“And it’s so easy because you become so self-conscious and so intellectual and so analytical about it in the long run that you lose that wonderful sort of ego that you have that says, ‘Oh, goddamn it, I don’t care; I love it anyway; I’m going to do it!”
― Brave Companions: Portraits in History
― Brave Companions: Portraits in History
“Forget about earnings. That's a priesthood of the accounting profession," he would preach, unrelentingly. "What you're really after is appreciating assets. You want to own as much of that asset as you can; then you want to finance it as efficiently as possible." 6 And above all else, make sure that the deals you do avoid as much in taxes as is legally possible.”
― Cable Cowboy: John Malone and the Rise of the Modern Cable Business
― Cable Cowboy: John Malone and the Rise of the Modern Cable Business
“Pushing on despite obstacles is a key ingredient to business success too. I found nothing is easy in business. In fact, it is downright hard.”
― Pedal Forward: The 10 Life And Business Lessons I Have Learned On My Bike
― Pedal Forward: The 10 Life And Business Lessons I Have Learned On My Bike
“If 1967 had been the Summer of Love, 1970 was the Summer of Liquidity, and I had none.”
― Shoe Dog
― Shoe Dog
Prem’s 2024 Year in Books
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