Investing
Focus on the inputs, not the outputs
Our dependence upon a working electrical system
*Not all-encompassing
**Some systems are entirely within one another; all are very closely interrelated and interdependent
Water system
Pumps
Purifiers/desalinators
Tunnel lights
Smart faucets
Leak detectors
Sewage system
Pumps
Tunnel lights
Filtration devices
Purification devices
Solid waste system
Trash compactors
This should serve as a “huh, how can we build a more resilient system” vs a “OMG let’s freak out!” mindset :)
- Operate from a position of strength. Following his father’s wisdom, Mellon always maintained excess reserves to move quickly and decisively. This allowed him to capitalize on opportunities others couldn’t pursue during the inevitable downturns.
- Keep your head, when others are losing theirs . During the 1929 crash—hi
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Numbers 1, 2, 4 in particular
Use the scientific method
Objective
Hypothesis
Experiment design
Results
Learnings
Next steps
“A common trait among successful companies is their lean approach: minimal reliance on VC funding, small HQ and tech teams, and G&A costs kept below 20%.
How Shared Micromobility Businesses are Paving their Way to Profitability
Shareholder Letters
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fs.blog
Lessons from Cornelius Vanderbilt - cutthroat, but some key ideas here
Why pay the “celebrity surcharge”?
Adapted from 1991 internal Disney memo
If you’re always trying to be normal, you will never know how amazing you can be.
-Maya Angelou