The Power of Self-Interest Human Behavior Determines Long-Term Success

There’s No Way to Make a Good Deal with a Bad Person

There is no way to make a good deal with a bad person. It’s the character of the people you go into business with that will fundamentally determine your investment returns and your ability to sleep well and eat well in the meantime. If you’re not comfortable with the people involved because of their prior conduct and how they’ve treated shareholders, you’re probably not going to be comfortable with your investment results. I take it to heart and use it as a screen for potential investments.