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'We wrote long and published short and by doing that Joan learned to write,' Talmey told the New York Times. ... 'It was at Vogue that I learned a kind of ease with words, a way of regarding words not as mirrors of my own inadequacy but as tools, toys, weapons to be deployed strategically on a page.'"

Charlie Munger on avoiding stupidity:

“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”

Never "Multiply by Zero"

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I feel like every day in the news we see people who seem to "have it all" (think of professional athletes for instance) who are caught illegally gambling, drunk driving, high-speed racing, you name it. In some cases, these can be immediately and completely career-ending mistakes. We often wonder how someone who seemingly "... See more

As Varoufakis points out in Technofeudalism , one of the paradoxes of capitalism is that when you as a worker are hired somewhere, there are two kinds of value being exchanged. There’s your ‘exchange value’, or how much money your time is worth in the free market. And then there’s your ‘experiential value’, the value of your qualities as a human be... See more

VC is a Power Law business which means only a few cos deliver most of the returns - David Clark from VenCap breaks it down with data on 11.350 companies from 259 funds from 1986 - 2018. Only 1.1% out of 11,350 cos returned the whole fund!

David Clark responded to my tweet that median fund size for fund returners was $350M and many funds >$1b

... See more

Industrial Tourism and Ensouled Consumption : Industrial tourism is an emerging trend in travel where people visit destination factories and production plants. Sure, people travel to Porsche facilities or the town where their favorite chocolate gets made, but this new form of tourism is about fetishizing something quite mundane.

It's about feeling s... See more

So next time you feel envious about someone, consider asking yourself:

• Is this my game to play? (does anyone need more carousels about Patagonia's strategy?)


• What's the opportunity cost of playing it? (more time doing X means less time doing Y)


• Why should i play it like they are? (play at the cross-section of what works for the market and your mind)

Jim Rohn on failure:

“Failure is rarely the result of some isolated event. Rather, it is a consequence of a long list of accumulated little failures which happen as a result of too little discipline. Failure occurs each time we fail to think ... today, act ... today, care, strive, climb, learn, or just keep going ... today. If your goal requires th... See more

V4 | Economics | Specialization

Specialization is a ­trade-­off: pursuing one course means not pursuing another. It’s narrowing your focus to increase your impact.

In a world of infinite knowledge and finite time, specialization is the key to unlocking mastery. It’s about going deep, not wide.

Specialization has risks. If the world changes, what wa... See more