[Founder Notes] Warren Buffett

What some people call obsession, Warren calls focus. His focus is on profitability and good financial standing.

Negotiate from a position of strength. Only work with people who are incredibly trustworthy and reliable. Temporary prosperity produces unwise competition.

Your business progress is very important. If this is good, stock price will eventually be good. Never deviate from simplicity. You'll never get into trouble.

Advantages

• Maximize long-term value.
• Expand scope into anything that makes sense.
• Love your work.

— Jay