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I just spent a couple of hours on a Saturday detailing out a potential new high-value process in our firm that we’ll be launching soon to new clients. This process is going to bring a lot of clarity to all of the moving parts that our team is involved in during our client’s onboarding.
I want to detail a few points about the value of building processes before I talk about the main point of this article.
If you’ve read a lot of the things I’ve written, you’ve heard me talk about the importance of a long-term view in building a valuable company. I believe value is shown in the long run in almost anything you do in life. That’s why it can be frustrating to weigh yourself every single day when you are trying to lose weight. Watching your weight drop (or go up) by .6 pounds can be a little frustrating. It’s how you’ll look and feel after 1 year of trying to be healthy that really matters.
Benjamin Graham, economist and author of The Intelligent Investor said, “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” His point is that the value of a company is shown in the long run, not in the short-term. Essentially, the short-term votes from the market don’t really matter as you seek to determine the value of a company. Read more