Matthew Giampetroni
@matthewgiampetroni
Matthew Giampetroni
@matthewgiampetroni
Most people are rather confident of their ability to recognize bullshit and to avoid being taken in by it
The exceptional (sometimes criticized) margins at Louis Vuitton did not arise from excessively high prices, but from the removal of all costs and damages due to intermediaries. Louis Vuitton’s competitiveness
was therefore structural”
It is impossible for someone to lie unless he thinks he knows the truth. Producing bullshit requires no such conviction.
Debt can also scare off growth equity funds, who don’t like not being the most senior money in the pref stack.
Capital allocation should support a company’s strategic goals. Capital allocation should start with an assessment and approval of strategies and then determine which projects support the strategies.
the first and most important goal of an attention diet should be to consciously limit the number of distractions we’re exposed to