I also think a lot about the old, iconic structures around the world that have stood the test of time and, in many cases, where we aren’t quite sure of all the details of how they were constructed. Marvels like the Colosseum, Roman aqueducts, or the Great Wall. Incredible architectural feats that were, by necessity, built to last and built slowly –... See more
There is a common issue of over-optimizing the metrics in business, which can damage the whole system.
Doing the wrong thing efficiently is actually worse than doing the right thing badly.
– Rory Sutherland
sometimes people ask something like “do you think this could work?” and I sorta waffle around on it
but I realize my truer answer is something like: it’ll probably work IF *you* believe it will work and *you* commit to making it work for 7+ years
That's another thing too, where I'm only interested in people that do things for a long period of time. There is a subset of people that can start a great business or be a great investor for two years, five years, 10 years. I'm interested in people that, you started the conversation saying about Edwin Land and Estee Lauder. Okay. Two obsessives.... See more
Don’t get fooled by the insane outliers. It’s a long, slow road. But if you can stomach the wait, the embarrassment, and the frustration, you just might make it.