Posts written by Mason Myers
Joys of Ice Cream, Apple Pie, and Recurring Revenue
Charlie Munger, Vice Chairman of Berkshire Hathaway, once told a friend of mine that if Charlie were a young man, he would be “trying to find online recurring revenue businesses” — like many that are being built and growing today. The combination of recurring revenue… Continue reading
Great Tool for Business Decision Making in Uncertainty
In business decision making, we never have as much information or certainty as we would like. The best business and investment minds know how to focus on the factors in a decision that are the most relevant and ignore extraneous factors. It is a real… Continue reading
New Twist on Venture Capital with Better Risk-Adjusted Investment Returns
A higher return investment can have a broad distribution of potential outcomes, as conveyed by this graph from Howard Marks of Oaktree Capital Management (the graph is from his book The Most Important Things Illuminated). This graph is a more helpful way to understand risk… Continue reading
Binders Don’t Make Employees Safe
I am all for employee safety, but paperwork in a binder doesn’t cushion any accident. This story may be an example about how worker’s comp is broken. I am not an expert on worker’s comp nor do I want to spend lots of time figuring… Continue reading
Built to Last or Built to Flip?
Is your business built to last or built to flip? No question influences your business strategy more than this one. There is no right answer — either strategy is fine. However, making sure that you have alignment throughout your organization on this question is very… Continue reading
Investment Wisdom Convergence from Clayton Christensen and Charlie Munger
When two great thinkers come to a similar idea from different starting points and careers, I pay attention. For business and investment wisdom, Clayton Christensen of the Harvard Business School teaches his students a collection of “theories and frameworks” to help them understand and deal… Continue reading
Predict Stephen Burke as Warren Buffett Successor
I first predicted Warren Buffett’s successor last year, and I am reiterating it today. I believe Stephen Burke, current Berkshire board member, will succeed Warren Buffett as the Berkshire Hathaway CEO as explained below. Furthermore, here is another post that discusses how Berkshire is likely to… Continue reading
Like Warren Buffett, Best Investment Philosophy Balances Discipline with Flexibility
Warren Buffett is famous for his discipline in his early investing success. Now, I think he is demonstrating his flexibility (some are critical of his recent flexibility) in investment philosophy. Both are important skills for business owners and managers to master and to know when… Continue reading
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