“There is a substantial distinction between people who are investors and people who are owners of businesses. An owner in a business is far more interested in the survival, the first instance, than its necessary monetary value. No owner of a business wakes up every morning asking himself what he’s worth. He doesn’t know what he’s worth. He’s concerned with his products. He’s concerned his employees. He’s concerned with his suppliers. He’s concerned with his customers. To do that, you have to have a time preference that is different from other people.”
—Tony Deden.
