Investing is where you find a few great companies and then sit on your ass.
Brothers and sisters, one of the great consolations of this Easter season is that because Jesus walked such a long, lonely path utterly alone, we do not have to do so. His solitary journey brought great company for our little version of that path…This Easter week and always, may we stand by Jesus Christ ‘at all times and in all things, and in all places that (we) may be in, even until death,’ for surely that is how He stood by us when it was unto death and when He had to stand entirely and utterly alone.
Darken your room, shut the door, empty your mind. You are still in great company.
It may seem odd to talk about something as soft and fuzzy as "passion" as an integral part of a strategic framework. But throughout the good-to-great companies, passion became a key part of the Hedgehog Concept.
Not one of the good-to-great companies focused obsessively on growth.
Being a great company is the new brand.
We're building a great company, and we're very excited about the future of the company.
A great company is not a great investment if you pay too much for the stock.
Government investment unlocks a huge amount of private sector activity, but the basic research that we put into IT work that led to the Internet and lots of great companies and jobs, the basic work we put into the health care sector, where it's over $30 billion a year in R&D that led the biotech and pharma jobs. And it creates jobs and it creates new technologies that will be productized. But the government has to prime the pump here. The basic ideas, as in those other industries, start with government investment.
Great companies don't just have one founding moment. They have many founding moments.
Great companies are built by people who never stop thinking about ways to improve the business.
Over the last ten years, technological advances have dramatically lowered the financial bar for starting a new company, but the courage bar for building a great company remains as high as it has ever been.
One of our first customers asked me how big we want to be. I said I want to be really big. Later, it bothered me that I answered that way. Now I say I just want to be a great company.
The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.
The root of great companies is make meaning vs. make money.
Whenever vanity and gaiety, a love of pomp and dress, furniture, equipage, buildings, great company, expensive diversions, and elegant entertainments get the better of the principles and judgments of men and women, there is no knowing where they will stop, nor into what evils, natural, moral, or political, they will lead us.
If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But if you buy a few great companies, then you can sit on your ass. That's a good thing.
I think Yahoo is a great company, with great assets.
Great companies have high cultures of accountability, it comes with this culture of criticism I was talking about before, and I think our culture is strong on that.
All that is good in our history is gathered in libraries. At this moment, Plato is down there at the library waiting for us. So is Aristotle. Spinoza is there and so is Kats. Shelly and Byron adn Sam Johnson are there waiting to tell us their magnificent stories. All you have to do is walk in the library door and the great company open their arms to you. They are so happy to see you that they come out with you into the street and to your home. And they do what hardly any friend will-- they are silent when you wish to think.
If you are doing the right thing for the earth, she's giving you great company.
I built a massive company, a great company, some of the greatest assets anywhere in the world, worth many, many billions of dollars.
I like cats a lot. I've always liked cats. They're great company. When they eat, they always leave a little bit at the bottom of the bowl. A dog will polish the bowl, but a cat always leaves a little bit. It's like an offering.
Happiness calls out responsive gladness in others. There is enough sadness in the world without yours ... never doubt the excellence and permanence of what is yet to be. Join the great company of those who make the barren places of life fruitful with kindness.
Every great company, brand, career has been built in exactly the same way: bit by bit, step by step, little by little.
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