Gaurav

“In Berkshire Hathaway’s 2007 letter to shareholders,2 Warren Buffett explains that the kind of companies he likes to invest in are ‘companies that have a) a business we understand; b) favourable long-term economics; c) able and trustworthy management; and d) a sensible price tag. A truly great business must have an enduring “moat” that protects excellent returns on invested capital.”
― Saurabh Mukherjea, Coffee Can Investing: the low risk road to stupendous wealth

“«Disciplines, like nations, are a necessary evil that enable human beings of bounded rationality to simplify their goals and reduce their choices to calculable limits. But parochialism is everywhere, and the world badly needs international and interdisciplinary travelers to carry new knowledge from one enclave to another.»”
― Shane Parrish, The Great Mental Models: General Thinking Concepts

“Long-term competitive advantage in a stable industry is what we seek in a business’. On the subject of For how long should an investor hold the shares they buy, Warren Buffett, in 1988’s Berkshire Hathaway’s letters to shareholders stated, ‘When we own portions of outstanding businesses with outstanding managements, our favourite holding period is forever.”
― Saurabh Mukherjea, Coffee Can Investing: the low risk road to stupendous wealth

“Most geniuses—especially those who lead others—prosper not by deconstructing intricate complexities but by exploiting unrecognized simplicities.”
― Shane Parrish, The Great Mental Models: General Thinking Concepts