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It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Warren Buffett Berkshire Hathaway chairman Berkshire Hathaway shareholder letter · 1989

The essence of strategy is choosing what not to do.

Michael Porter Harvard strategy professor "What Is Strategy?", Harvard Business Review · 1996

It helps to base your strategy on things that won't change.

Jeff Bezos Amazon founder Interview, Harvard Business Review, October 2007

It's not just what it looks like and feels like. Design is how it works.

Steve Jobs Apple co-founder "The Guts of a New Machine" by Rob Walker, The New York Times Magazine, 30 November 2003

Your time is limited, so don't waste it living someone else's life.

Steve Jobs Apple co-founder Stanford University commencement address, 12 June 2005

After all, you only find out who is swimming naked when the tide goes out.

Warren Buffett Berkshire Hathaway chairman Berkshire Hathaway shareholder letter · 2001

The only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle.

Steve Jobs Apple co-founder Stanford University commencement address, 12 June 2005

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

Adam Smith Scottish economist The Wealth of Nations, Book I, Chapter 2 · 1776

A lot of times, people don't know what they want until you show it to them.

Steve Jobs Apple co-founder "Steve Jobs: 'There's Sanity Returning'", BusinessWeek interview, 25 May 1998

Success is a lousy teacher. It seduces smart people into thinking they can't lose.

Bill Gates Microsoft co-founder The Road Ahead · 1995

Strong people always have strong weaknesses too. Where there are peaks, there are valleys.

Peter Drucker Management thinker The Effective Executive · 1967

Lose money for the firm, and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless.

Warren Buffett Berkshire Hathaway chairman; interim chairman of Salomon Brothers in 1991 Prepared testimony to a U.S. House subcommittee on the Salomon Brothers Treasury-bid scandal, 4 September 1991