“Founders should think of the business as yet another product they are building. It is the ultimate product they are building because from the company can come any number of additional products and any number of additional initiatives. The company, if built correctly, will be more important than any single product it can create.”
“In a demonstration of its confidence in the future of HTML5, business newspaper The Financial Times has acquired the development firm that built its mobile Web app. London-based Assanka was purchased by the FT for unnamed sum of money.”
“He sits tight. He keeps his head while others are losing theirs, and then he moves in, if he wishes, and buys those heads (meaning large blocks of stock or entire companies) at an advantageous price. And then he keeps them. He rolls them into Berkshire Hathaway’s almost comically diverse portfolio (the company’s wholly owned properties, to list just a few, include a chocolate-candy retailer, an underwear manufacturer, a furniture store, a chain of ice-cream restaurants, a maker of cowboy boots, and an insurance firm that insures insurance firms) and watches his wealth, and that of his shareholders, grow and grow.”