Tag: Tony Deden
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Tony Deden: Like-mindedness
“Earlier, I talked to you about the idea of like-mindedness, for example. And so I’m serious about this in a sense that I want to own a participation—I don’t call it a stock or equity—I want to own a business participation in a business that is run by owners whose motivation is the same as…
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Tony Deden: Idea of exclusion
“The first principle I operate from is the idea of exclusion. I exclude whole swaths of things from my universe of things. I think that, in the whole world, there are probably 150, 200 listed companies that I would even consider owning a piece of. It’s a completely different way of looking at the world….…
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Tony Deden: Rules of the game
“When the rules of the game change, the process with which you make decisions, the process with which you act, the value of information, the value of inputs, must change with it.” —Tony Deden.
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Tony Deden: Owners
“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…
