Tue. Oct 26th, 2021

Visionary

Tony Hsieh:

After graduating from college in ’95, I went to work for Oracle in the Bay Area.

My college roommate, we decided to start our own business. And at the time, the Internet was just getting started. We started a Web design and marketing business. During lunch hours, I would go and make sales calls.

In the evenings at home, we would create Web sites. And then we realized that all these Web sites we were creating, they didn’t really have a way market themselves. And so that’s what led us to start a service called LinkExchange. We started hiring friends.

And that whole strategy of hiring friends and friends of friends worked really well until we got to about 20 people. And then we basically ran out of friends. We had to start hiring people through resumes and interviewing. And we also didn’t know any better to pay

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No argument, Johnson & Johnson (JNJ) is one of the great American companies. According to Wikipedia, it was almost among the ten most valuable companies in the world (by market capitalization) for a long time – only recent it didn’t make the list any more. I published my first article about Johnson & Johnson at the end of February – before the sell-off started. Right now, the stock is trading at a similar level and it is time for an update.

(Source: Pixabay)

In the following article, we will start by looking at the last quarterly results. Following that, we will look at several aspects, that make Johnson & Johnson a great business – the dividend, the company’s balance sheet, the recession proof business and the company’ outperformance over the long run. In the third section we will describe why Johnson & Johnson is a visionary company. In this section,

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