Costco is a fascinating business. You know all those groceries you buy? Yeah, they basically sell those at breakeven and then make all of their profit from the $60 annual membership fees. Quick [THREAD]
When it comes to achieving financial freedom, being able to create is a superpower. Here's a short story about why...
1/ "We have to have a business with some inherent characteristics that give it a durable competitive advantage." C. Munger "The key to investing is ... determining the competitive advantage of any given company and, above all, the durability of that advantage." W. Buffett
Frank Slootman, one of the best operators in enterprise software of all time, on the importance of building a strong sales and marketing team early: "you control your destiny, and you don't need anybody else to hit your numbers" Excerpts from "Tape Sucks" on the topic: https:/…
@gustavormiranda @naval Headliner mate.
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