"When someone takes their existing business and tries to transform it into something else - they fail..." — Charlie Munger

I will say this: I know no wise person who doesn't read a lot. I suspect that you can read on the computer now and get a lot of benefit out of it, but I doubt that it'll work as well as reading print worked for me.

Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.

It's a real pleasure to earn the trust of your customers slowly over time by doing what's right.

The perfect example of Darwinism is what technology has done to businesses.