Aulon Arch Inc



"Imagine you own a farm. The real estate market controls the price of your land, and the food market controls the price of your crops. While these markets are related, they do not move in tandem. There will be times when your harvest is profitable, but the price of your land goes down. Unless you are planning to sell a large portion of your land in the near future, this doesn’t concern you.

"Now, further imagine you are a clever farmer who, each year, uses part of your profit to buy more land. It’s easy to see that over time, the value of your farm will increase, even if land prices decline several years in a row. In fact, you will hope for this condition, because it allows you to buy more land at lower prices. You can immediately plant more crops on your new acreage, and when land prices rise, the overall value of your farm will rise faster, in proportion to the acreage you added.

"All businesses share this dynamic. Income and asset prices move at different times…."

Peace of mind isn’t at all superficial to technical work. It’s the whole thing. That which produces it is good work and that which destroys it is bad work. The specs, the measuring instruments, the quality control, the final checkout, these are all means toward the end of satisfying the peace of mind of those responsible for the work. What really counts in the end is their peace of mind, nothing else. The reason for this is that peace of mind is a prerequisite for the perception of…Quality [Value]. - Robert Pirsig, Zen and the Art of Motorcycle Maintenance
Hang out with people better than you, and you cannot help but improve. - Warren Buffett