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43OFTHEMOSTMOTIVATIONALQUOTES|ChiragPatel|LinkedIn
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Picturesarewindowstoanylands,
Butabookisadoorthatreadystands
Tohimwhowillopenandgooutside
Wheretheriversandplainsarefreeandwide.
Picturesarewindowsthroughwhichwelook,
Butthedooroftheworldisjustaabook.
Noonecandenythepowerofagoodquote.Theymotivateustobeourbest.
1.''Thebeginningofyoursuccessisattheendofyourcomfortzone.''
2.''Successmeansdifferentthingstodifferentpeople.''
3.''WorryaboutyourCHARACTER,NotyourREPUTATION,YourCHARACTER
iswhoYOUare,YourREPUTATIONiswhatPEOPLETHINKYOUARE.''
4.''Ineverdreamedaboutsuccess,iworkedforit.''Marycom
5.''SuccessisPatience,Persistence,Perspiration''NepolianHill
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6.''Ifyoucannotdogreatthing,Dosmallthingingreatway.''
7.''SuccesscomesinCAN'S,notinCANNOT.''
8.''IamnotaHANDSOMEguy,buticangivemyHANDTOSOMEonewho
needhelp.Beautyisinheartnotinface.''
9.''Nevercryforthatpersonwhodoes'tknowthevalueofyourtear.''
10.''Donotletthebehaviorofothersdestroyyourinnerpeace.''
11.''Ifyoudon'tfightforwhatyouwan't,Don'tcryforwhatyoulost.''
12.''Buildyourowndreamsorsomeoneelsewillhireyoutobuildtheir.''
13.''Peoplewhojudgeyoubyyourpast,Don'tbelonginyourpresent.''Mandy
Hale
14.''Youhaveenemies?Good......
Thatmeansyou'vestoodupforsomethingsometimeinyourlife.''
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15."Ialwaysfeelhappy"youknowwhy?
''Becauseidon'texpectanythingforanyone!Expectationalwayshurt.''
Shakespeare
16.''IfyoulearnSelfControl,youcanmasteranything.''
17.''DisciplineisthebridgebetweenGoalandAccomplishment.''
18.''EveryAccomplishmentstartswiththedecisiontotry.''
19.''Thebestthingsinlifearefree.thesecondbestareveryexpensive.''coco
channel
20.''Nevercryforthatpersonwhodoesn'tknowthevalueofyourtear.''
21.''ThosewhowalkwithGOD,alwaysreachtheirdestination.''
22.''Thegreatestpleasureinlifeisdoingwhatpeoplesayyoucannotdo.''
23.''It'shardtobeatapersonwhonevergiveup!''BabeRuth
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24.''Whateverthemindofman,canconceiveandbelieveitcanachieve.''
NepolianHill
25.''Thingsdonothappen,Thingsaremadetohappen.''
26.''LifeiseitheradaringadventureorNothingatall.''
27.''Don'twastyourlifetryingtoimpressotherpeople,Dowhatyoulovewhat
youdo.''
28.''Thebestwaytofindyourselfistoloseyourselfintheserviceofothers.''
M.K.gandhi
29.''TheonlywaytodogreatworkistoLOVEwhatyoudo.''
30.''Characterishowyoutreatthosewhocandonothingforyou.''
31.''Ideadon'tworkunlessyoudothework.''RobinSharma
32.''Youhavenoideawhatyou'recapableofuntilyoutry.''
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33.''Beagoodperson,butdon'ttrytoproveit.''
34.''WithoutDatayour'ejustanotherpersonwithanopinion.''
35.''Ifyouhavecouragetobegin,youhavethecouragetosucceed.''
36.''Honestmoreimportant,thancleaver.''
Searchforpeople,jobs,companies,andmore...
MyNetwork
Home
Profile
Jobs
37.''Mathematicsoflife,
Interests
Advanced
Pulse
Publishapost
Life+Laughter+LoveHate=Happiness''
43OFTHEMOST
MOTIVATIONALQUOTES
38.''Everythingcomestoyou,Intherightmovement,BEPATIENCE.''
ChiragPatel
39.''Successseemtobeconnectedwithaction.Successfulpeoplekeepmoving,
Ataleoftwoannualletters:
BezosofAmazonandBuffettoftheymakemistakes,buttheydon'tquit.''
BerkshireHathaway.
AmitSomani
TheMashablelessons:We
don'tspeakwithwords
anymore
40.''Don'twaitfortheperfectmovement,takethemovementandmakeit
perfect.''
41.''FEAR''
ChrisSeper
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''ForgetEverythingAndRun''
4ThingsToKnowAboutthe
MarriottStarwoodMerger
ArneSorenson
Don'tEvenThinkAbout
BecomingaVC
JoshFelser
or
''FaceEverythingAndRise''
ChoiceisYours:)
42.''Youcanrun,youcan'thide.''CRG
lastbutnotleast,
43.''Nomatterhowyoufeel,Getup,Dressup,ShowupandNeverGiveup...''
:)ThankstoallmyLinkedInFriends:)
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Bethefirsttocommentandstarttheconversation!
AmitSomani
ManagingPartneratPrimeVenturePartners
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43OFTHEMOSTMOTIVATIONALQUOTES|ChiragPatel|LinkedIn
Ataleoftwoannualletters:BezosofAmazonand
BuffettofBerkshireHathaway.
Apr8,2016
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IamaHUGEfanofbothJeffBezosandWarrenBuffett.Botharelegendaryand
inspirationalleaders.Itisannualritualformetodevourtheirshareholderletters
everyyear.Itistreattoreadtheselettersasaprofessional,abusinessleader,
andasaventureinvestor.
IjustreadBezos'sletteronAmazon'sannualperformancein2015.Somehow
Buffett'sletterfromafewweeksagopoppedintombuffymind.Iwentandre
readit.Botharedifferentandyetsimilarinmanyways.I'vehadtheprivilegeof
beinganAMZNshareholderforalmost17years(wishIhadthewisdomtobuy
more!).Thatsaid,thispostisnotaboutcomparingthebusinessesontheir
financialmetrics.Plentyofpeoplehavedonethat.Ireflectedontheirletters,
theirleadershipstylesandtheirbusinessphilosophies.
Letsmestartwithsomesimilaritiesacrossboth:
Longtermthinkersandwellreadhistorians.
Bothinvariablystarttheirletterswithhowtheircompaniesstarted(one20
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yearsago)andtheotherover5decadesago.Notonlythat,theyoftenreferto
theirfoundingvisionandtheirperformancethroughthistime.Bothare
superadaptiveandhavecreated/backedamazingnewbusinesses.However,
theydon'tforgettherootsofwheretheystartedandkeepremindingtheir
shareholdersofthesame.
Ifyouhaven'tyetreadanyAmazonannualletter,youaremissingsomething.
Infact,formosttechentrepreneurs,Irecommendtheyreadeverysingle
letter.YoucanaccessAmazoncollectionfrom19972011here.Youcangetall
theBRKAlettershereorpurchasethemasaphysicalbookfromAmazon.For
Amazon,youwillbesurprisedtoseethateveryannualletterincludesacopy
ofthefirstannualletter.BuffettliststheannualperformanceoftheBerkshire
HathawaystockagainsttheS&P500sincethebeginningofBRKA.
Takeaway#1:Willyoubehappyto
reproduceyourfirstlettertostakeholders
decadeshence?
BothofthemreadvoraciouslyandonadiverserangeoftopicsBuffettis
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citedtoreadalmostabookortwoeveryday.Evenat85yearsofage.And
theyquotegenerouslyfromtheliteraturetheyhaveread.
Eternaloptimists
Bothleadershavedoneamazingthingsandarguablyhavebeenapartofthe
mostprosperousperiodinhistory.Bothstillthinkwehaven'tseenanything
yet.Inthisyear'sletter,BuffettarguesthatachildbornintheUStoday,will
haveasignificantlybetterfinanciallifethananygenerationpriorto
them.Buffettoftentalksaboutthefactthathe'sgoingtolivetobe100+.
Amazonhasbeenthroughincredibleupsanddownsforalmostadecade
(evenaftergoingIPO).FromtheBarron'sAmazon.bombstoryin1999to
howtheydon'tmakeanyprofitsin2013.Bezoshasgotamethodtohis
madness,isaneternaloptimist,alongtermthinkerandarelentless
executor.EvenoutsideofAmazon,hehasinvestedalmost$42Mina10,000
yearclockandtechnologytoenableaffordablespacemissions.How'sthatfor
longterm?
Takeaway#2:Areyouconvincedenough
aboutyourmissiontosurvivetheworldand
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it'sNaySayers?
Obsessiononcreatingvalue
Bezosisalwaystalkingabouthowtolowerpricesbyleveragingtechnology
anddoingthingsatscale.Theyareinvestinginpredictivedelivery,drones,
justintimesupplychains,packaging,etc.whileloweringcosts.Inthisyear's
letter,theyclaimtohavedroppedprices51timesontheirown.Bezoshas
beenbeenoftenquotedassaying"Yourmarginismyopportunity".Try
competingwithsomeonelikethat.
Wewant(Amazon)Primetobesucha
goodvalue,youdbeirresponsiblenotto
beamember.
JeffBezos,2016Letter
Attheirannualshareholderextravaganza,Buffetttoutsandpersonally
consumesvariousBRKAportfolioproducts.Amazonrarelyworriesabout
competition.Theirbarforbothofthemis,well,themselves.
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Takeaway#3:Areyouobsessingabout
delightingyourcustomersand
shareholders?
Aretheygettingbetterwitheverypassingday?Thatleadsustothenextpoint.
OperationalExcellence
Thisisacornerstoneforbothcompanies,albeitindifferentways.Amazon
andBezosarelegendaryforpayingexcruciatingattentiontodetail.The
delightfulAmazoncustomerexperienceinahighlycompetitive,cutthroat
retailbusinessissomethingtoadmire.
WhatBezosandcrewdowithcustomerexperience,BuffettandhisCEOsdo
withthebusinessnumbersandtheircapitalallocationprocess.Almostevery
businessintheirportfolio,continuestooutperformyearafteryear.And
BuffettandcrewtakeprideinfindingthebestCEOsandstayingoutofthe
way.
Takeaway#4:Areyourelentless?
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WitandHumility
Greatleadersareintense,drivenandyetdon'ttakethemselvesseriously.
Bothofthem,esp.Buffett,thriveoncrackingjokesandhaveastrongsenseof
humour.Theyalsodon'thaveaproblemtalkingabouttheworldaround
them.LovedbothoftheirquotesonthecurrentUSPresidentialelection.
Takeaway#5:
Takeyourbusinessseriouslybut
notyourself.
Anonymous
BezoscitesrepeatedfailuresasapathwaytosuccessforAmazon
Marketplaces.BuffettcitesvariousBillondollarmistakeshe'smadeinhis
investmentlife.Though,remember,bothhavegenerated$100'sofBillionsof
valuefortheirshareholders.
Ofcourse,thereareinnumerabledifferencesbetweenthetwo.Oneisanoperator
parexcellenceandtheotheristhebestcapitalallocatormankindhasproduced.
Onecreatestheotherenablesandfacilitates.Bezosisobsessivelydrivenby
technologywhileBuffetthasreligiouslyshiedawayfromit.Though,thisyear,he
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talksaboutusingWebcastsasawayofgraduatingtothe21stcentury.
Bothhavecourageoftheirconvictiontogoallin(theydon'thedge)buttheydo
havedifferentriskappetites.Buffettinvestsinsimplebusinessesthathavemoat
andcansurvivefordecadesandmore.Bezosontheotherhandisconstantly
tryingtoinvent,createanddisrupt.ThatAmazonWebServicesisnowa$10B
businessisatributetoAmazon'sspiritofexperimentationandlongterm
persistence.
Needlesstosaybotharearguablythebestintheworldintheirareas.Giventhat
BuffetthassignificantpositionsinWalmartandIBM,itwillbeamazingif
BRKAdecidestoinvestinAmazon.com!Ifthathappens,Iwillbereadingthe
BRKAshareholderletterthricethatyear.
(AmitisaManagingPartneratPrimeVenturePartners,aseedstageVCfirm
basedoutofBangalore,India.Primeinvestsincategorycreating,earlystage
companiesfoundedbyrockstarteams.
Amithasmorethan20yearsofexperienceintechnologyandinternet
industries.He'sheldleadershippositionsatMakemytrip,GoogleandIBM.He
isalsodeeplyengagedwiththeearlystageecosysteminIndiaandactively
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volunteerswithiSpirt,TiEandNASSCOM.Hetweets
regularly@amitsomaniandistryingtobecomeactive,latebloomingblogger).
Reportthis
FeaturedInVC&PrivateEquity,Leadership&Management,Entrepreneurship,Indiain
Business,Retail&ECommerce,Editor'sPicks
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