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Therefore, we need to create new market mechanisms that reframe people’s thinking to the longer term and better subjects for their attention.

But today there are more people "helping the builders" than actually building, fighting one another in a zero-sum game for allocation in competitive deals. Incredibly, being an investor has become one of the highest status jobs in Silicon Valley — higher even than playing an important operating role at a great company. This has led to an over

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Be broad. Years ago I briefly wrote for the  Wall Street Journal , and an editor told me: “Your job is to write something that a hedge fund manager will find informative but a complete novice will understand.” It sounds lofty, but I think it’s possible in almost any field. Writing in clear language anyone can comprehend does not mea

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And this goes back to the original point which was that these software markets are actually much larger than anybody assumed, and so the idea that you're going to run into competitors from day one is probably not accurate. What you're probably going to run into is objections to your own system because the system itself is incomplete and doesn't add... See more

But why is that relevant? Isn’t investing about about the future, not the past? Sure it is, but that future cash flow stream is unknown and Rivian investors today are behaving as if it’s money in the bank, as if the future’s already happened.

Zuccarini said she’ll be building out the Pleasure category, adding products including harnesses and restraints within the next three months. She also plans to continue highlighting the category in marketing, including emails and Instagram. She has yet to attempt advertising the category via Facebook or Instagram, familiar with strict restrictions ... See more

I believe the best managers acknowledge and make room for what they do not know—not just because humility is a virtue but because until one adopts that mindset, the most striking breakthroughs cannot occur. I believe that managers must loosen the controls, not tighten them. They must accept risk; they must trust the people they work with and striv

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The Midwit Meme turns out to have a useful purpose, to remind us in a concise, memorable way that we cannot accept complicated solutions or explanations only because they feel smarter than a simple solution.