"What Makes a Great Business" by Travis Wiedower

[Liberty]

https://traviswiedower.com/2019/04/24/what-makes-a-great-business/

 

Good read on some of the basics of what makes a great business.

[chrispy]

Thank you, a succinct read on key concepts. A quote that gave me a kick,

 

"

Companies that decide on their own whether they want to raise or lower prices are in control of their own pricing destiny. Commodity businesses don’t decide for themselves to raise or lower prices—the market decides for them. Great businesses control their own pricing.

"

I have come to realize while learning about investing that this concept of great companies having a long runways is applicable to many things in life. Outstanding people, personal relationships, neighborhoods, etc often stay that way and are well worth prioritizing