When distribution is proprietary, distribution wins (Comcast vs Netflix), when distribution is commoditized, best product wins (chrome vs IE), when product is commoditized, best service wins (Amazon vs others), when service is commoditized, best network wins.
Good investing is not about what you know. It’s about you behave. And behavior is really hard to teach. @morganhousel #MICUSpic.twitter.com/wS4Nwudeus
Leave everything aside and watch this. This is heaven.pic.twitter.com/z9tUYR4pF3
To be successful at something, you have to have gritpic.twitter.com/qZpiaRkFRZ
- Spend less than you earn.
- Dollar cost average.
- Be born in a generation where your savings years coincide with falling interest rates and a raging bull market.