Chapter
Business Longevity Principle
10:27 - 14:00 (03:32)
The Business Longevity Principle states that if something has been in business for a long time, there is a higher probability it will continue to exist. This principle is based on the observation that things that have been around for a long time are likely to continue to exist.
Clips
The longer a business has been around, the higher the probability of it being around for another similar duration of time.
10:27 - 14:00 (03:32)
Investing
Summary
The longer a business has been around, the higher the probability of it being around for another similar duration of time. Investing in such a business with a long-term mindset can yield significant results over time.