Edward Lando

I’m thinking about conviction, because it is so rare.

A lot of people start off with conviction, but life, hardships, and other people’s opinions get in the way, and they stop believing in the greatness of their own ideas.

I’ve met intelligent types with lots of skills and advantages at their disposal. But they usually don’t know where to go with the... See more

He doesn’t see the world as a mere distribution of luck-based outcomes. Instead, he praises conviction, bets on transcendent founders, and invests in the kind of companies he’d want to work for.

 One thing I'm always on the lookout for with people. Are they moving quickly? Are they evolving quickly? In my view, at the end of the day, when you're betting on a founder, especially if the market's not super clear, what you're trying to do is, you're trying to predict that, that particular person will have as many shots on goal as possible

... See more

sometimes as an entrepreneur, you have to over-index to courage. You have to think about the world that you wish to exist, not the one that does exist. As investor, I'm constantly looking at distribution of probabilities, that those outcomes will in fact be achieved.

Conviction often stands in opposition to market trends. To have conviction before validation may make you seem weird or delusional, but it defines great artists—the ability to appreciate what others overlook or even fight against. To borrow YC parlance, they pursue “low-status things.” Maintaining this vision requires courage, especially when it se... See more

My note to self from reading the book: “THINGS LOOK GOOD AT THE END OF THE JOURNEY, NOT DURING.” Tesla and SpaceX were not built. They were willed into existence, against all odds.

SpaceX failed to launch many times, and was ridiculed by many people. After their third (or fourth) failed launch, Elon sends an email to his team: “ SpaceX is in this f... See more