Nixon used his deep bank of anti-communist credentials to establish a historic diplomatic breakthrough with the world's most populous communist country.
The best moat — the structural advantage that an organization can establish early-on and strengthen over time — is to be purpose-driven.
First they ignore you. Then they laugh at you. Then they attack you. Then you win.
Under new leadership, Uber deserves credit: it is getting stronger by doing less.
By listing these virtues, Franklin named what he wanted to be — not what he was — so that he could work toward those things every day.
Sir Isaac Newton said for every action, there is an equal and opposite reaction. In this formula, the key variable is time.
The best technology-powered businesses have different forms of value, but this *value architecture* should reinforce itself.