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Good Profit was a great book. Less so for somebody who is purely investing, but for anyone who has any ability to manage incentive structures it's definitely worth reading. The Kochs inherited a good business and then have compounded it at a ~15% growth rate. Charles was quite young (in his late 20s, maybe 30 if I remember right) when he took over.


The two lessons I really remember from that book are:

1. You have to keep putting yourself out of business through innovation or somebody else will

2. Create a meritocracy and people will drive results

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