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GoodBusiness Monday: Warren Buffett, Tea, and a Link

"Price is what you pay. Value is what you get."  Warren Buffett

“Price is what you pay. Value is what you get.” Warren Buffett

When Warren Buffett says something, I listen.  Here’s advice worth reading, first thing Monday morning.

“I can’t remember what I paid for that first copy of ‘The Intelligent Investor’. Whatever the cost, it would underscore the truth of Ben’s adage: Price is what you pay; value is what you get. Of all the investments I ever made, buying Ben’s book was the best (except for my purchase of two marriage licenses).”

If I was looking for an entrepreneur’s quote on books recommendations, that’s a corker.  We can get a nice shiny new copy of the book for $21, a used copy for as little as $2, or save a tree by filling up bytes with an ebook for $11 or a a download subscription at Oyster Books.  You can even get a free pdf download.  At any of these prices, the book is a bargain.

Starting the Week with Better Tea

Last Monday we started our week with a lesson on how to brew a worthy cup of coffee.  I drink tea as well.  Here’s what I learned about making a great cuppa, from the good folks at Upton Tea in Holliston Massachusetts.

Start with your choice of loose tea, a good teapot, and some clean fresh water (bottled water, for choice).  As with coffee, it’s a good idea to preheat the pot by pouring in some hot water, allowing it to warm, and then pouring out the water.  Charge the pot with about a generous teaspoon  of tea for every cup.  Black teas respond best when boiling water is added to the pot, and then allowed to steep for 4-5 minutes.  Lighter and more delicate green teas deserve cooler water (say, 140 degrees) and a shorter steeping time of 2-3 minutes.  The question of caffeinated vs. decaffeinated can quickly degenerate into a religious dispute.  This Monday morning, is it really worth the fuss?

Our Link:  A Book Review of Warren Buffett’s Recommendation

I confess… I’ve had Benjamin Graham’s ‘The Intelligent Investor’ on my bookshelf for 20 years, but I didn’t write a GoodBusiness book review until I saw this quote last week.  (And for good reason… every pundit and their nearest relation has written about this classic.)  But we at GoodBusiness have a unique perspective.  Suppose we wanted to build a company Warren Buffett would want to buy; what can we learn from Benjamin Graham’s book?   I hope you have time to read our ‘The Intelligent Investor’ book review this week, because it’s aimed squarely at entrepreneurs who want to build a great company.

Have an inspiring business week… we look forward to having you visit us here again soon!

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6 Comments

  1. James Ojuok says:

    Ben’s adage : price is what you pay; value is what you get , is such a powerful quote that actually has the ability to transform a life! Buying Ben’s book is a good investment . Coming from one of the most succesful entrepreneurs in Warren Buffet makes the book a must read.
    What a simple direction to make good tea, Black tea does it for me every morning!

  2. My attention was instantly drawn by the Warren Buffet headline. When he speaks listen – at least I do. What a shame more people don’t!

    I have to add one more tip regarding tea however, which I heard about the other day. The make the perfect tea, once the kettle has boiled you should let it sit for about 90 seconds before adding to the tea pot. I haven’t yet personally tried it, but according to a tea expert that makes the flavors really come to the fore.

    • Chris Chadbourne says:

      Jane, thanks! After you’ve tried it, and verified that it works, drop us a comment or an email and we’ll revise the post to include that tip.

  3. Warren Buffett has some seriously great rules to live by. It’s almost like philosophy. I haven’t picked up a Buffett book in a while, but that’s all about to change once I get this tea brewing. Great read!

  4. Saira Syed says:

    I am gonna start my week with a better tea. I don’t think if i have ever read such a good description of Tea making “Charge the pot with about a generous teaspoon of tea for every cup.” loved this line. Excellent writing style.

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