In the 2016 shareholder letter, even though he wasn’t explicitly talking about two-pizza teams, Jeff suggested that “most decisions should probably be made with somewhere around 70% of the information you wish you had. If you wait for 90%, in most cases, you’re probably being slow. Plus, either way, you need to be good at quickly recognizing and co... See more
Focus is not inconsistent with intellectual honesty. It does not mean ignoring feedback. It simply means that your bets are well selected and that your conviction to find a way to make something work is high enough to overcome the inevitable hurdles of building a company, product or investment portfolio.
Unlike in book and magazine publishing, scientists who publish in journals remain unpaid by publishers for their work. Instead, academic papers are part of the research output that universities and research funders look at when allocating funding and promotions. On the other side of the equation, journals profit from their reputation – in filtering... See more