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Netflix CEO Reed Hastings once announced his company was canceling several big-budget productions. He responded: Our hit ratio is way too high right now. I’m always pushing the content team. We have to take more risk. You have to try more crazy things, because we should have a higher cancel rate overall. These are not delusions or failures of respo
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
However, as an investor, you have to be careful that you don’t invest in thirty schmucks who are not capable of dealing with the never-ending shitshow that is the life of a founder.