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The big takeaway here is that we really have no idea what policies we’ll be pushing for in, say, five or ten years. Unexpected hardship makes people do and think things they’d never imagine when things are calm.
Your personal views fall into the same trap. In investing, saying “I will be greedy when others are fearful” is easier said than done, because people underestimate how much their views and goals can change when markets break.
Same as Ever
Morgan Housel
If the launch is a week long, you’ll tend to see a strong response on the first and second days, followed by a significant downturn and then a big uptick right before the close. This further illustrates why you need a launch cycle: If you have no closing, you won’t see the uptick! If you just launch and move on, you’ll have no opportunity for growth.
The $100 Startup
Chris Guillebeau
Occam's Razor:
• Simple assumptions are more likely to be correct than complex assumptions.
Avoid Occam's Duct Tape:
• Someone who approaches a problem with a ridiculously large number of assumptions.
THREAD: 15 of the Most U...
@george__mack on Twitter
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