Private Equity Investor - Quotes
Margin vs cash velocity
You’ve got to understand the difference between margin and the velocity of cash. Take Walmart as an example - they make very little margin per sale, but they turn their cash so fast that they still make a massive amount of money. People often over-focus on margin and forget about how quickly cash moves through the business. In reality, the velocity of cash is just as important as margin.
Private Equity Investor
The Book-Loving Investor - Quotes
Pass Down Wealth and Knowledge
Wealthy people learn how to consistently pass down not just money, but information. You create what's called Family SOPs - a blueprint for your family to live by when you're gone.
The Book-Loving Investor
Wisdom
