Tom Schmidt

Margaret Thatcher’s famous warning: Eventually, you run out of other people’s money.

Questions attract, drive, and distinguish.

1. No debt. Debt forces you to seek short-term objectives (usually money), which compounds badly over 20, 30, 40 years


2. Manage with humility. Be ruthlessly honest about how things actually are, not how you wish they were. That honesty creates real solidarity with others


3. Surround yourself with people younger than you. Their frameworks are different, their

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Politics becomes theater, and news becomes performance. As Postman argued, a society dominated by this mode of communication "forgets how to think in paragraphs, and learns instead to think in scenes." This represents a shift away from the abstract, analytical thinking encouraged by literacy and toward a more emotional and reactive engagement with... See more

Bad things happen fast, good things happen slowly

‍Elon Musk proposed to George Hotz the following to build vision system for Tesla autopilot:

$12 million payment if it was delivered the next day. For every month that passes where it's not delivered, the payment would be reduced by $1 million.

If you had an incentive scheme where dollars disappear like a ticking clock each minute, would you need... See more

When you find an edge, shut up about it because talking invites competition and competition destroys profits

If you want to get paid, find the contrast.