Join 📚 Edwin's Highlights
A batch of the best highlights from what Edwin's read, .
And it can keep getting destroyed. For example, a lot of social media stock market tanked and revenue tanked when Apple announced a way to not be able to keep more information asymmetry and boom, you can’t predict many things about people and therefore your revenue will tank because you can’t predict their behavior. And I think that’s where the power of understanding this simple concept can be very useful in understanding where the wealth is going to move constantly.
[The Knowledge Project Ep. #141] Kunal Shah: Core Human Motivations - Farnam Street
fs.blog
Here's the interesting point: it could be that investors' rules of thumb about what ultimate size your growth rate predicts are based on early forms of startups like SaaS companies, and as startups expand into more domains, their standards are too high.
Though Startup Investors...
@paulg on Twitter
Every routine has to factor in the possibility of uncertainty. If you prepare only for one scenario, you have no chance of surviving the volatility of real-game conditions. True in sports, true in business, true in life. If you can only function when things are done a certain way, at a certain time, that tells me you lack the ability to adapt to real-time variables.
...catch up on these, and many more highlights
Readwise