Interested in Acquisitions? The Importance of Dry Powder

“We’ve demonstrated a strong track record of being very disciplined with the use of our cash. We don’t let it burn a hole in our pocket, we don’t allow it to motivate us to do stupid acquisitions. And so I think that we’d like to continue to keep our powder dry, because we do feel that there are one or more strategic opportunities in the future.” – The later Steve Jobs, cofounder and long-time CEO of Apple and one of the most successful entrepreneurs of all time.
Steve Jobs on Acquisitions and Dry Powder