Most people overestimate what they can do in one year and underestimate what they can do in ten years. The long-term compounder who does nothing dramatic usually beats the person executing a brilliant short-term strategy.

Jeff Bezos — Amazon Shareholder Letter

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compoundinglong-term-thinkinginvesting

The best business is one where you can raise prices without losing customers. The second-best business is one where you can raise prices and gain customers.

Charlie Munger — Berkshire Hathaway Annual Meeting

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investingcompetitive-advantagepricing-power

The tolerance for failure is just so much higher. I just met so many people who just burned through tens of millions of dollars on what seemed a trash idea, and it was a trash idea! And then it was like, 'Okay, great, well now I'm going to do the other thing.' And then the next thing is also a trash idea. Great, they get to put $100 million into that other trash thing. And the third thing is amazing, and then it's a multi-billion-dollar company.

Noor Siddiqui

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entrepreneurshipriskfailure