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When people talk of Kobe’s greatness, they often say, “He put in the work.” True, but they’re missing the point. Players like MJ and Kobe didn’t just work, they constantly and consistently elevated the work, because to get out of hell, you have to elevate everything. They never stayed with what got them there, they were always adding pieces that would take them higher. They understood that if you keep doing the same thing, you’re going to get the same results. So to get better, they had to put in new work, different work.

Winning

Tim S. Grover

The Fintech Apps-Infrastructure CycleLast week, in The Interface Phase, we talked about the apps-infrastructure cycle, a framework proposed by USV’s Dani Grant and Nick Grossman to explain how apps necessitate new infrastructure, and infrastructure enables new apps. Source: Nick Grossman and Dani Grant, Union Square VenturesFintech has been in its own apps-insfrastructure cycle since the Global Financial Crisis (GFC).

Absolute Unit

notboring.co

Biographies: Improve your Friends My favorite comments are those that give an inside glimpse of what Munger and Buffett are really like. To a question about what books to read, Munger replied that he is a biography nut and heartily recommended biographies as a way to “make friends among the eminent dead.” Buffett quipped, “And they don’t talk back.” Munger went on to say that biographies give you marvelous experience, extend your range and may even improve the quality of your friends. He noted that Golden Arches and The Big Store offer great lessons on business.

University of Berkshire Hathaway

Daniel Pecaut, Corey Wrenn

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