Habits

"The chains of habit are too light to be felt until they are too heavy to be broken."

"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

Buffett was able to compound his habits to generate 19.9% over 60 years at the helm of BRK for 5,502,284% vs. 39,054% under SPX. $1 would have returned 55,022 with Buffett vs $390 for SPX the last 60 years. The SPX return was 10.46% a year. It's so important to build the foundation/habits to insure a house will stand stable for many years. I am currently reading another book about Amazon in addition to the 3 I have read the last few years and have it ingrained in me that Jeff wanted to start with reading because it could develop the "habit" with the consumer. It's now the goliath that is a force like Berkshire has been. Maybe more so as it's the times with data, scale, and technology applied. The three books over the last three years are: The Everything Store by Brad Stone Working Backwards by Colin Bryar and Bill Carr Bezonomics by Brian Dumaine Currently, I am reading "The Everything War" by Dana Mattioli and have Amazon Unbound by Brad Stone on my list.