Readwise Highlights

why you should invest: To save for your future self. To preserve your money against inflation. To replace your human capital with financial capital.

Focus on the IRR, not the margins. Margins are an output, not an input.

People have vastly different desires, except for three things: Respect, feeling useful, and control over their time. Those are nearly universal.

I praise its decentralization, and its willingness to empower booksellers at the local stores.

when individuals feel listened to, they tend to listen to themselves more carefully and to openly evaluate and clarify their own thoughts and feelings.

Take a moment and think about how you are focusing your time and attention in your business. What is the breakdown of your time on different business activities? How much time are you spending on product development, customer service, fulfillment, education, networking, marketing and sales?

Often entrepreneurs don’t spend enough time on revenue

Failure is never fatal. It may feel like it for a while, but it is only a challenge. Keeping athletics in the proper perspective for our children helps them keep their problems in perspective.