"Investment Banking is 10% Financial Analysis and 90% Psycho-analysis" – André Meyer  This blog is about the "other 90%"…

Whatever You Resist, Persist

Several years back, my driving instructor taught me how to survive slipping off the road. The way to get back to the tarmac is to shift focus from the tree the car is running towards, to the road where I want to steer back.  Looking ahead at the tree will keep it in the center […]

Little Advantages

I have been searching for the secret for years. What is the one thing that separates the super-successful companies from the also runs. For a long time I thought there was no single secret and all companies succeed in their own unique way.  The recipe is: find an underserved niche and give it good value service […]

Ground your feet and springboard

Business is a survival game. If you can hang on long enough to figure out how you can make money, consistently, you have a business. It’s a bit like Wimbledon.  The champion does not have to play flawless tennis, just good enough to survive each game and the final.  If he can just handle the […]

‘Profit’ is Spelled Repetition

People prefer interesting, varied work; investors favor boring, repetitive businesses. This is a contradiction that is important to keep in mind when building a business. When you start out, you probably get into it because you love your field or the process of creating a business inspires you.  Initially, you are also likely to hire […]

Industry and Frugality

I have been listening to Ben Franklin’s biography in my car and noticed two words regularly mentioned as being Franklin’s core principles.  Franklin believed that the way to riches was to work hard and save hard.  Working hard meant for him not just long hours and diligence, but to be totally absorbed in his work […]