Sublime
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Observe the patterns of mistakes to see if they are products of weaknesses.
Ray Dalio • Principles: Life and Work
Warren Buffett. When asked, he recommended that each individual stick to their area of special competence, and be very reluctant to stray. For when we stray too far, we get into areas where we don’t even know what we don’t know. We may not even know the questions we need to ask.
Rhiannon Beaubien • The Great Mental Models Volume 1: General Thinking Concepts
Public markets reward predictability.
Patrick Vernon • Venture Capital Strategy: How to Think Like a Venture Capitalist
As described in chapter 4, Ari Medoff self-funded his search and carefully minimized every expense, even going as far as living in his in-laws’ basement for the duration of his search.
Royce Yudkoff • HBR Guide to Buying a Small Business
Adaptation through rapid trial and error is invaluable.
Ray Dalio • Principles: Life and Work
David Clark responded to my tweet that median fund size for fund returners was $350M and many funds >$1b