One of my favorite quotes is from David Packard, who once said, more businesses die of indigestion

than of starvation. I see this all the time. It is so common with money, whether it is for you

individually or for your business, that people get so tangled up in the big complex projects

that they drop the ball on the small stuff. To do well over time, you have to get the

simple stuff right first. And one of those fundamentals in business that often gets overlooked

is expense management. And that is why 25,000 businesses use Ramp. Ramp is a corporate

card that includes the best expense tracking and reporting software that

I have ever seen. It makes expense management so simple by automatically capturing every

transaction the moment a card is swiped. For listeners of the show, Ramp is offering metal cards

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Before I start today, let me say a couple words about some of the biggest business news that has occurred.

If you are an investor or following investing like I have for many years, which is that Warren Buffett announced his retirement.

He's going to be leaving Berkshire Hathaway at the end of this year.

So much has already been said.

A lot of it interesting, some of it not so interesting.

I want to add just a

couple of comments that I think were most important to me about Buffett and Berkshire Hathaway,

which are the things that I think are repeatable, that you and I can actually learn from and do

something about. Because so much of the commentary about Warren Buffett, what can you learn from

them are things that you and I can't actually implement in our own lives. They're either too complicated. They take too much time.

They're only worked for someone who's devoting 24 hours a day to investing, or they are lessons.

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