Warren Buffet Rule of Thumb
Buy stock in businesses that are so wonderful that an idiot can run them because sooner or later, one will.
Short, sweet, to the point ... tips, tools, and rules of thumb for innovators and entrepreneurs!
Buy stock in businesses that are so wonderful that an idiot can run them because sooner or later, one will.
Sage advice for
Investment
When seldom is heard an encouraging word, the sky is cloudy all day.
Sage advice for
Leadership,
Motivation,
Set-backs
Without question, the greatest invention in the history of mankind is beer ... oh, I grant you that the wheel was also a fine invention, but the wheel does not go nearly as well with pizza.
Sage advice for
Invention
The commercialization process is not linear ... it moves more like the balls in a pinball machine, taking off in one direction until it hits a snag, then bouncing off in another direction ... this chaotic process continues until the technology either goes to market or fails ... technology innovation and commercialization is inherently an iterative process where the innovator-entrepreneur learns from mistakes and builds on that learning.
Sage advice for
Commercialization,
Entrepreneur,
Innovation,
Innovator,
Learning,
Mistakes,
Success
And up goes Her Royal Highness ... now exhale slowly.
Sage advice for
Communications
There are two things you don't want to watch being made: hot dogs and laws.
Sage advice for
Government,
Legal,
Production,
Research
Keep moving forward!
Sage advice for
Action,
Creativity,
Progress,
Success
All I wanna do is have a little fun before I die ... I got a feeling I'm not the only one ... all I wanna do is have some fun until the sun comes up on the Santa Monica Boulevard!
Sage advice for
Focus,
Fun,
Market Research
The past is what you remember, imagine you remember, convince yourself you remember, or pretend you remember.
Sage advice for
History,
Market Research,
Time
To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.
Sage advice for
Accomplishment
Mistakes are not only inevitable, they’re a necessary part of learning and skill building ... mistakes are a sign that you’re active and curious ... in fact, recent brain research suggests that making mistakes is one of the best ways to learn.
I don't mind not being important, but I do mind being unimportant.
Sage advice for
Leadership,
Management,
People
I still don’t understand where all the customers are supposed to be ... they’re erecting giant bookstores (Borders and Barnes & Noble) now like Midas Muffler shops, but books aren’t mufflers ... are people throwing out their television sets?
Sage advice for
Marketing,
Target Market
The internal combustion engine is a hard act to follow!
Sage advice for
Effectiveness,
Product Development
If a frog had wings he wouldn't bump his (butt) all the time.
Sage advice for
Product Development
There are risks and costs to a program of action ... but they are far less than the long-range risks and costs of comfortable inaction.
I hired smart people, gave them responsibility, and expected them to perform as adults ... lo and behold, they performed magnificently.
Sage advice for
Leadership,
People
Everyone has a purpose ... you are not here by mistake.
Sage advice for
Management,
Motivation,
People
Nobody ever went broke underestimating the intelligence of the American public.
To feed 'em the big lie, salt it with little truths.
Sage advice for
Communications,
Ethics
Sometimes, when we reach for the stars, we fall short ... but we must pick ourselves up again and press on despite the pain.
Angel Investors typically want a 5 to 15 times return on their investment over five years.
Sage advice for
Angel Investors
There's no point in going into a dialogue unless you're willing to be changed by the encounter, for the better or worse.
Sage advice for
Communications,
Leadership,
Management
The question is not whether our government is too big or too small, but whether it works.
Sage advice for
Government
Is there anyone so wise as to learn by the experience of others?
Sage advice for
Education,
Experience
Let us never negotiate out of fear ... but let us never fear to negotiate.
Sage advice for
Collaboration,
Management,
Negotiations
"Management" is efficiency in climbing the ladder of success ... "leadership" determines whether the ladder is leaning against the right wall.
Sage advice for
Leadership,
Management
It’s never a good idea to ask an engineer a question in the “Why don't we ... ” format.
Sage advice for
Engineering
The maximum amount of solar power on the surface of the earth is about 1,000 watts per square meter ... above the earth's atmosphere, it's about 1,300 watts per square meter ... power is measured in watts or horsepower, energy in watt-hours ... one horsepower is about 750 watts.
Sage advice for
Solar Power
The weight of the sesame seeds used on all the Big Macs sold during one year in the U.S. is greater than the weight of two Boeing 747's!
Sage advice for
Trivia
Don't worry too much about good or bad vintages ... instead, invest your energy in knowing producers who make excellent wines year in and year out!
Opinion is like a pendulum and obeys the same law ... if it goes past the center of gravity on one side, it must go a like distance on the other; and it is only after a certain time that it finds the true point at which it can remain at rest.