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Before Viaweb we had a startup called Artix. We were going to put art galleries online. The problem was, art galleries didn't want to be online. They still don't want to be online. We spent a long time trying to convince these people to use something they didn't want before we had the idea that maybe we should make something people actually did want.
Founders at Work
Jessica Livingston
The great art dealers operated like index funds. They bought everything they could. And they bought it in portfolios, not individual pieces they happened to like. Then they sat and waited for a few winners to emerge.
That’s all that happens.
Perhaps 99% of the works someone like Berggruen acquired in his life turned out to be of little value. But that doesn’t particularly matter if the other 1% turn out to be the work of someone like Picasso. Berggruen could be wrong most of the time and still end up stupendously right.
The Psychology of Money
Morgan Housel
Taleb's Surgeon:
• If presented with two seemingly equal candidates for a role, pick the one with the least amount of charisma.
The uncharismatic one has got there despite their lack of charisma.
The charismatic one has got there with the aid of their charisma.
THREAD: 15 of the Most U...
@george__mack on Twitter
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