"Owners are different from tenants. I know of a couple who rented out their house, and the family who moved in nailed their Christmas tree to the hardwood floors instead of using a tree stand. Expedient, I suppose, and admittedly these were particularly bad tenants, but no owner would be so short-sighted." Jeff Bezos A Credit Suisse analysis supports this quote from Jeff Bezos, showing that family-owned companies, like dedicated homeowners, have outperformed non-family firms

This chart always amazes me. It’s not just about technology vs. pizza – this is a lesson in business fundamentals. You don’t need to enter new, flashy markets with massive addressable potential to achieve exceptional returns. Sometimes, it’s the old, “boring” markets, combined with strong unit economics and relentless execution, that drive the most surprising outcomes. For Domino's shareholders, mastering its franchise model has been just as valuable as Google’s dominance in

In a bull market, it’s easy to feel like a genius. Every trade seems to work, every decision looks brilliant, and confidence skyrockets. But let’s be honest—how much of that success is real skill, and how much is just the market lifting all boats? This image perfectly captures the reality: the 'bull market' is the unseen force boosting our game, while we proudly think it's all our own doing. It’s a humbling reminder that markets don’t always stay this generous.