Lessin's Lessons

He does travel extensively, both for business and for pleasure (remember how this section begins), but he runs his itinerary as a largely variable expense. When possible, he departs from Kennedy Airport; JFK is the last stop on the E train; if the MTA misprices its service by charging a single fare regardless of distance, Sam will capitalize on it.

Try to experience a major setback every decade. If you aren’t dealt one, create one. Get yourself fired. Get seriously sick. Get divorced. If you don’t, you’ll end up with way too many friends. You’ll end life not knowing who your friends really are. You’ll be amazed, when you have a setback, how few friends you really have. But those will be true

I was friends with Debra Larsen and Bruce Bockmann (who was Morgan’s most playful partner, choosing once, when I was a young associate, to introduce us to a new client with our roles reversed)

Increasingly, my focus is on “horizontal education”. Whereas vertical education is the mastery of a domain, I have found my facility with facts to be marginalized with age and by technology. Horizontal education is all about connectivity. It’s about discerning relationships between events across silos of information.

It’s somewhere between ironic and depressing to watch tour groups of senior citizens descend on remote geographies. It’s great that they now have the time to travel. It’s sad that they have most likely waited to do so until the end of their lives. What should have been inhaled with gusto when they were young is instead observed at a distance in the

Be aware of the time expectations of your capital base before you let them in as investors into your company.

But it compelled me to watch Jefferies more closely, a company whose namesake and origin, unlike Morgan Stanley, had a pretty non illustrious past (for starters, I had never worked at an established firm that had only one name).

Date outside your culture. On the premise that it is a remote possibility that any relationship will be lasting, the fundamental question should be what lasting impact can I obtain from a relationship?

Drop.io’s other fixed cost is development. I think of promotion in terms of marketing and customer acquisition costs. Sam thinks about exposing the blogs to your service and letting their audience promote or pan it. With that mentality, the one functionality you have to get right is product development. Drop.io is programmed exclusively in the most