“An economic franchise arises from a product or service that: (1) is needed or desired; (2) is thought by its customers to have no close substitute and; (3) is not subject to price regulation. The existence of all three conditions will be demonstrated by a company's ability to regularly price its pro…”— Warren Buffett, berkshirehathaway.com
“Here’s why famous experts who write books never go back to regular jobs: regular jobs are hard. Regular jobs mean you answer to others. Regular jobs mean you do regular, often repetitive, things. Regular jobs mean you are not the center of attention and have to follow rules made by other people. Any…”— Scott Berkun, amazon.com