Tom Schmidt

“You exploit in order to fund better exploration and you explore in order to have more things to exploit”

Everyone experiences pain Victims feel powerless about it Villains want others to feel their pain too Heroes decide to sacrifice and transfor

Be wary of advice from people who don’t share the consequences of you following it

Happy companies earn a monopoly by solving a unique problem while failed companies stay stuck in commodity competition

focusing your energy on the critical few rather than the trivial many

Every complaint about you is also a commercial for you—after all, nobody bothers to yell at a nobody.

May your choices reflect your hopes, not your fears

People think good decision-making is about being right all the time. It's not. It's about lowering the cost of being wrong and changing your mind. Wh