Founders

What I learned from reading A Few Lessons for Investors and Managers From Warren Buffett by Warren Buffett and Peter Bevelin. ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here.  ---- Big opportunities come infrequently. When it’s raining gold, reach for a bucket, not a thimble.Speculation is most dangerous when it looks easiest.Now it is a funny thing about life; if you refuse to accept anything but the best you very often get it. —W. Somerset Maugham"Moats" —a metaphor for the superiorities they possess that make life difficult for their competitors. Business history is filled with "Roman Candles," companies whose moats proved illusory and were soon crossed.When a company is selling a product with commodity-like economic characteristics, being the low-cost producer is all-important.In a business selling a commodity-type product, it's impossib