“To put it simply, it was to focus on customers; if you do what you need to satisfy the customer, they will come back again.” - Svend Aage Linde (founder of Miljø Kemi)

"The more often we trust our judgment, the more confidence we gain in our decision-making capacity. The courage to take risks becomes a worthwhile end in itself." - Howard Marks

"If there's one piece of wisdom that this simple pilgrim would like to impart upon you: have the courage to start with the customer. My biggest regrets are the moments that I let a lack of data override my intuition on what's best for our customers." - Andrew Mason

"To these managers the business was no more than a livelihood... all the managers stood to lose was a job... they did not carry the responsibility of the generations, of maintaining the continuity and prosperity of the enterprise"

"There is only one truth, and many opinions. Therefore, most people are wrong most of the time" - Mordecai Kurz

You don’t need complex models, you need insight

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"We're 13 years old, but as a Founder, I say you don't raise a 13-year old to be a great 14-year old. You raise them to be a great adult many years from now. And I think that there's a lot of opportunities in this coming decade for us." - Brian Chesky

“it’s never my goal to suggest it [investing] can be routinized. In fact, one of the things I most want to emphasize is how essential it is that one’s investment approach be intuitive and adaptive rather than be fixed and mechanistic.” —Howard Marks

Implied rates forecasts over time vs what rates have actually done "It is difficult to make predictions, especially about the future." - Yogi Berra

'As the Stockholm hostages came to realise, the forces of obligation and reciprocity are sometimes more powerful than the law.' - Marathon Asset Management (Capital Account)

Always visualize where a company or market will be 18 months ahead, because stock prices reflect future expectations – “never, ever invest in the present… if you invest in the present, you’re going to get run over" - Druckenmiller

"If past history was all that is needed to play the game of money, the richest people would be librarians." - Warren Buffett

Good hardware create Good times Good times create Software Software create Hard times Hard times create Hardware