patience
sari and
patience
sari and

Chamath on the importance of slow compounding:
“The faster you build it, that is the half life: it will get destroyed in the same amount of time.”
Things tend to come and go, tip to one side and then the other, tide out and back in, grow and then rot, get created and destroyed, at the same speed.
The fact is, star brands take time to grow. Take some of the small makeup companies we have acquired recently, like Bliss and Urban Decay. When we bought them, they were little start-ups run by their founders—very simple businesses, but with a lot of originality in the products. So now we know we must nurture them until they have some history. But
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