go long, everyone else is going short
Instead of asking people for advice and looking for the average of all the advice you get, you should probably be taking bigger, bolder bets.
If the average is failure, you don't want to implement average advice.
If the average is failure, you don't want to implement average advice.
To grow your business, you have to make big bets
Writer David Foster Wallace said that he thought good nonfiction was a chance to “watch somebody reasonably bright but also reasonably average pay far closer attention and think at far more length about all sorts of different stuff than most of us have a chance to in our daily lives.” Amateurs fit the same bill: They’re just regular people who get
... See moreCeline Nguyen • Everything I Read in February 2025
Think of everything as work in progress and share it without the pressure of trying to make it perfect
he says in our opinion just a few things in life are noble and it is because just a few things are noble that noad has just a few Investments the Church of diversification is seen as an insurance against any one idea being wrong we would propose that if knowledge is a source of value ad and few things can be known for sure then it Li logically foll
... See moreFounders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
you need to be heavily concentrated and bet heavily it could be argued that lots of things had to go right for Walmart to grow for 40 years that is certainly true but at its heart a very few simple things really mattered in our opinion the central engine of success at Walmart was a thrift orientation so low costs low waste fueling growth with the s
... See moreFounders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
Does Anyone Really Have Taste Anymore? Microtrends move faster than we can question them. Labubus, polka-dot revívals, balletcore, blokette, tomato girl summers. It’s not that we shouldn’t like them. But most people don’t even know where these aesthetics come from, or why they’re drawn to them beyond the fact that the algorithm said yes.___LINEBREA... See more
instagram.comwhy is this list not the same as the current Nomad portfolio
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
This makes me think about what I'm interested in and what I subscribed to and spend my time listening to do and doing.
And cutting down everything until I can focus on what matters.
our quantitative
understanding of elasticity is shortterm we can estimate what a price reduction will do this week in this quarter but we cannot estimate the effect that consistently lowering prices
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
Jeff Bezos on lowering prices this week or this quarter.
Pricing is psychology like all the pricing videos I watched and you can't say raising or lowering prices would be better.
Graham Duncan felt that when he starting advising and changed 400 a week and raised it to 22000 a week and got way more business.