You need a different checklist and different mental models for different companies. I can never make it easy by saying, 'Here are three things.' You have to derive it yourself to ingrain it in your head for the rest of your life.

If you don't allow for self-serving bias in the conduct of others, you are, again, a fool.

Those who keep learning, will keep rising in life

Opportunity comes to the prepared mind.

How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.

We want very good leaders who have a lot of power.

Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.