What are the most universal business lessons from successful entrepreneurs?
Across the archive, five lessons recur regardless of era:
- Distribution beats product. Rockefeller controlled rebates; Walton controlled stores; Bezos controlled the customer.
- Compound the boring stuff. Munger, Buffett, Soichiro Honda — all obsessed with reinvestment and small operational gains.
- Long time horizons. Bezos's "seven-year bets," Watson Jr.'s IBM transformation, Inamori's amoeba management.
- Hire and fire on values, not résumés. Jobs's "A-players hire A-players"; Welch's vitality curve; Ohno's gemba walks.
- Survive long enough to get lucky. Drawdowns, recessions, scandals — most great companies are built by founders who refused to die.











