Part of Buffett’s secrets to investing revealed?
1. At least $75 million in pre-tax earnings.
2. Demonstrated consistent earnings power.
3. Businesses earning good returns on equity while employing little or no debt.
4. Management in place.
5. Simple businesses (if there’s lots of technology, we won’t understand it).
I got a link from Reddit – “Every wonder why netflix is doing so well? Check out their recruiting page.” It’s great writing and the page is refreshingly honest.. Makes me want to work there. Here’s a sample
Instead of adding rules as we grow, our solution to increased complexity is to increase talent density. Great people make great judgment calls, despite ambiguity.
We believe in freedom and responsibility, not rules.