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#85 Walter and Olive Ann Beech (Aviation Legends) artwork
FoundersAug 18, 2019
#85 Walter and Olive Ann Beech (Aviation Legends)
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“A quote from Charlie Munger is referenced, discussing the long-term survival of businesses.”

Sentiment: Deep Dive
Trigger: business survival strategies
For: business leaders and entrepreneurs
Key quote: “over the very long term history shows that the chances of any business surviving in a manner agreeable to a company's owners are slim and at best”
The host references 'The Towel of Charlie Munger' to illustrate the challenges businesses face in surviving over the long term. They emphasize the importance of making strategic decisions based on existing strengths rather than chasing new trends that may not align with a company's core competencies.