“Always hire people who are better than you. Hiring dummies is shortsighted. You can't move up the ladder until everyone is comfortable with your replacement.” PeopleMovingBusinessComfortableManagementLaddersHiringBetter Than YouReplacementsDummy Book:The Six-Figure Woman and How to Be One Source: The Six-Figure Woman and How to Be One
“I won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.” FeelsFirstsLossBusinessCompanyMiddlePositionReturnComfortableAddCorporateOperationsFundDisagreeAdamPropositionsLeaving MeProfitableFractionsInappropriateUnendingMiddle GroundProfitability Author:Warren Buffett