3 ms·

Is "found a company during period of historically low interest rates" one the elements of the framework?

• sokoloff 3y ago
  Hopefully. “When it’s raining gold, reach for a bucket rather than a thimble” is a modern Buffett take on a nearly 500 year old “make hay while the sun shines”. Adjusting your business approach to capitalize on favorable conditions is wise.
• doubloon 3y ago
  "Ignore thousands of years of legal precedent for innkeepers, real estate, zoning, nuisance, liability, insurance.."
• prepend 3y ago
  Airbnb was good. Now it is an abortion of good taste and joy. I wonder if product managers are inept or just cynical and know how they trade off customer value for their own profitability. Does it wear on them that they know the right thing, but don’t do it. Or are they deluded and think that what they are making now is good, and beautiful, and loved by customers?