Able Quote by Charlie Munger
“In Gillette's case, they keep surfing along new technology which is fairly simple by the standards of microchips. But it's hard for competitors to do. So they've been able to stay constantly near the edge of improvements in shaving.”
About This Quote
Source Speech: Annual Shareholder Meeting, Berkshire Hathaway, 2015
Munger notes Gillette’s continuous tech edge in shaving, highlighting the difficulty for rivals to match incremental innovation.
In simple terms: Consistent small improvements keep a company ahead.
Key Takeaway
Invest in steady, incremental innovation.
Themes
business
innovation
competition
strategy
Mood
pragmatic
strategic
Type
business
motivational
When to use this quote
- product development
- R&D planning
- competitive analysis
- strategic investment
Key Concepts
incremental improvement
technological edge
market dynamics
Questions to Reflect On
- How can firms sustain incremental innovation?
- What barriers do competitors face?
A Different Perspective
Fast changes can be disruptive if not managed.
![“They [Mc Donalds] take people and give them a first job, which enables them to get a second job. They do a very good job of educating troubled young people to be good citizens and they're probably more successful than charter schools.” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/a55/charlie-munger-458_be-good_they-mc-donalds-take-people-and-give-the_41809.jpg)
![“It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that…” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/8d0/charlie-munger-458_advantage_it-is-way-less-certain-to-be-a-wonderful_59627.jpg)
