Todd Combs on How Failure Is Useful (Preferrably Early in Life)

A good quote from Todd Combs in the FSU Alumni Association Magazine:

« you really just have to find your passion in life. Warren says to find the the job you would do if you didn’t need a job. The earlier you find that, the better – because it won’t seem like a chore to follow your dream, and you’ll outwork everyone in the process. Don’t be afraid to fail. In fact, you kind of want to fail early and often because it doesn’t cost you much when you’re young – and you learn a lot more from failure than success. »

I found it reading this good BBG article on how Combs was a key in setting up the partnership between Berkshire Hathaway, Amazon and JPMorgan.

Carrefour, Bompard and the Reputation of Management vs Business

Alexandre Bompard, the young and alert new CEO of troubled French retailer Carrefour, will soon have a chance to show if he can thwart this priceless but nonetheless true observation from Warren Buffett:

« When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. » Continuer la lecture de « Carrefour, Bompard and the Reputation of Management vs Business »