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Dangerous Feelings
Success leads to laxity and bloat, and these lead to decline. Few organizations avoid this tragic arc.
Richard Rumelt • Good Strategy/Bad Strategy: The difference and why it matters
Capitalism is hard. But part of the reason this happens is because getting money and keeping money are two different skills. Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk. It requires humility, and fear that what you’ve made can be taken away from you ju
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
mindset that can be paranoid and optimistic at the same time is hard to maintain, because seeing things as black or white takes less effort than accepting nuance. But you need short-term paranoia to keep you alive long enough to exploit long-term optimism.