• Executive compensation
  • Executives should only eat what they kill
  • Don’t give your executives stock options as compensation
• Stock ownership
  • Buy stock as an owner, not a speculator
  • Don’t ignore the value of intangible assets
  • Conglomerates earned their terrible reputation
• Market volatility
  • Ignore short-term movements in stock prices
  • Be fearful when others are greedy, and greedy when others are fearful
  • Save your money in peacetime so you can buy more during war
• Investment strategy
  • Look for companies that reinvest their earnings into growth
  • Don’t invest in businesses that are too complex to fully understand
  • Invest in unsexy companies that build products people need
  • Stock buybacks are often the best use of corporate cash
  • Asset-heavy companies can be good investments
• Value investing
  • Never invest because you think a company is a bargain
  • Don’t invest only because you expect a company to grow
  • Never use your own stock to make acquisitions
• Global economics
  • America is not in decline — it’s becoming more and more efficient
  • Current board of director incentives are broken and backwards
• Management
  • Embrace the virtue of sloth
  • Time is the friend of the wonderful business, the enemy of the mediocre
  • Complex financial instruments are dangerous liabilities
  • Investment banker incentives are usually not your incentives
• Company culture
  • Leaders should live the way they want their employees to live
  • Hire people who have no need to work again in their lives
  • Compensation committees have sent CEO pay out of control
• Debt
  • Never use borrowed money to buy stocks
  • Borrow money when it’s cheap
  • Raising debt is like playing Russian Roulette
• Links to every Berkshire Hathaway shareholder letter

1 – https://medium.com/sweat-economy/sweat-the-tokenomics-part-1-23288a5e566c

2 – https://medium.com/sweat-economy/sweat-the-tokenomics-phase-two-7dc53ea6a104

First, you have to decide which kind of cleaning do you want:

• quick clean
• weekly clean
• clean before a house party (which is actually more tidying up than cleaning)
• spring clean (time to throw some stuff out)
• deep clean (ok, it’s a complete mess, everyone and everything out, lets start again)

Reflecting back, digital transformation is easily over complicated and confused with too many things.

Start with the customer, work back to understand the customer experience across the different customer journeys across marketing, website, app, and shop.

Once you understand this in tangible specific detail (this is the key), the rest is obvious.

…Gen Z is moving away from Credit Cards.

Source: Hamish Corlett