Your premium brand had better be delivering something special, or it's not going to get the business.
Interpretation
A strong brand must provide unique value to attract customers and succeed in business.
Warren Buffett emphasizes the importance of a premium brand's ability to offer something distinctive and valuable. In today's competitive market, merely having a recognizable brand is not enough; it must also meet customer expectations and provide exceptional experiences or products, otherwise it risks losing business to competitors who deliver better value.
In practice
During a marketing presentation to emphasize the importance of brand value.
I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. _x000D_ You need to fill your mind with various competing thoughts and decide which make sense.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Oneβs objective should be to get it right, get it quick, get it out and get it over. Your problem wonβt improve with age.
Do Re Mi_x000D_ California is a garden of Eden, a paradise to live in or see,_x000D_ But believe it or not, you won't find it so hot_x000D_ If you ain't got the do re mi
Excellence is never granted to man but as the reward of labor. It argues no small strength of mind to persevere in habits of industry without the pleasure of perceiving those advances, which, like the hand of a clock, whilst they make hourly approaches to their point, yet proceed so slowly as to escape observation.
Put your heart, mind, and soul into even your smallest acts. This is the secret of success.
I've long believed that if you're not embarrassed by your first product release, you've released too late.
The less versatile you are, the better you have to be at what you do well.
In football, the result is an impostor. You can do things really, really well but not win. There's something greater than the result, more lasting - a legacy.
Subscribe for the occasional hand-picked quote. No noise.