What public figures publish and believe, in their own words.
About this feed
Highlights: posts that did unusually well for the person who wrote them, everything
they published at length, each release and new project, and every belief — at most
two a day from anyone. Day by day, newest
day first; within a day, the people with the most beliefs on this site come first. Nothing
else orders it. Show everything instead.
The quoted blocks are what people actually said; a beneath one is
the belief those words support, in korrents' wording. Nobody here wrote their own page.
Top people are the people in this feed with the most beliefs on this site, then the
most here. Choose an area and the row leads with the people whose beliefs are about it;
tap a face for their feed.
Rather than being defined as one side of this artificial dichotomy, value investing should instead consist of buying whatever represents a better value proposition, taking all factors into account.
My extensive discussions with Andrew led me to conclude that the focus on value versus growth doesn’t serve investors well in the fast-changing world in which we live.
Not only are the traditional staples of classic value investing (readily discernable quantitative measures of cheapness in the here-and-now) no longer likely to produce a sustainable edge on their own, but the world has gotten more complex, with many more dynamics that can drive a decoupling of near-term metrics from valuation, both to the positive and negative.
Adopting the traditional semiconductor manufacturing business model to compete head to head against the likes of Intel would guarantee automatic failure.
The fast route — venture capital funded — is going to impose constraints on your business that will ultimately make it difficult to remain true to your open-source mission.
Want to know the story behind how Salesforce was built? This is that story in founder Marc Benioff's own words. At times I found him overly prescriptive without an appreciation for his unfair advantages he had (getting to start it while having a big salary at Oracle, having $6Mn in "bootstrapped funding", etc). However, he also helped pioneer the cloud and SaaS as a business model, so there are many great lessons to glean if you're building a high-growth SaaS business.
This book was written before the Lean Startup movement, but espouses many of the same concepts. If you feel like you're starting at zero in understanding what to do to become customer driven, this is a good place to start.
If you actually want to learn how to actually BE a lean startup or how to actually do it, this book will not help you. If you want to learn the high level concepts only then this is a great book. The other books I have above I encourage you to read before this one if you want to truly learn and implement lean practices. 7. On the Shortness of Life by Seneca (3.13.18)
This is a really short book that just gets to the point. It's a great checklist to think about what you need to pull together if you're going to raise money from investors. It helps you avoid some common pitfalls and gives you a good start on what you need to do to nail your elevator, recruiting, and funding pitches.
If you need a 101 outline of the basics of how to build a community on the web regardless of your business type, this is a good, although now slightly dated, book to check out.
These small subsistence farmers generally seek to minimize risk, rather than maximize profits. After all, improving yields by 5% doesn’t mean much if everyone starves to death in the third year because of a tail-risk that wasn’t mitigated.
One of the craziest, most impressive stories of business smarts I’ve come across and from someone otherwise unknown. Like a real-life Francisco d’Anconia from Atlas Shrugged.
If intelligence lies in the process of acquiring skills, then there is no task X such that skill at X demonstrates intelligence, unless X is actually a meta-task involving skill-acquisition across a broad range of tasks.
A must-read for every entrepreneur. A holistic, generous, human, emotional, long-term, story-driven approach to your business. The world would be a much better place if businesses were led this way. You'll have a competitive advantage if you do this, since so few do.
Scott Galloway, The Algebra of Happiness: Notes on the Pursuit of Success, Love, and Meaning: Galloway should be familiar to readers as both the brand strategy professor at NYU Stern School of Business, a regular guest on Masters in Business, and as the author of The Four. He usually writes about technology and business, but concern with his students’ life issues led to this 10 minute YouTube video that garnered nearly 2 million views. That became this lovely short book which is likely to be a graduation and holiday gift for years to come.
Rory Sutherland, Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life: Rory Sutherland is the Vice Chairman of advertising giant Ogilvy; he describes his “attractively vague job title” as allowing him the freedom to create a behavioral science practice within the ad agency. This looks intriguing.
His book Principles for Navigating Big Debt Crises is an important read for investors that want to protect themselves from or benefit from recessions and other financial crises.
Regular Rotation Investing Focused Interviews The Meb Faber Show Master in Business with Barry Ritholz Capital Allocators with Ted Seides Bloomberg’s Odd Lots with Tracy Alloway and Joe Weisenthal
Regular Rotation Investing Focused Interviews The Meb Faber Show Master in Business with Barry Ritholz Capital Allocators with Ted Seides Bloomberg’s Odd Lots with Tracy Alloway and Joe Weisenthal
Economics or Business Interviews Conversations with Tyler with Tyler Cowen EconTalk with Russ Roberts General Interviews North Star Podcast with Dave Perell The Tim Ferriss Show
Economics or Business Interviews Conversations with Tyler with Tyler Cowen EconTalk with Russ Roberts General Interviews North Star Podcast with Dave Perell The Tim Ferriss Show
Economics or Business Interviews Conversations with Tyler with Tyler Cowen EconTalk with Russ Roberts General Interviews North Star Podcast with Dave Perell The Tim Ferriss Show
A $250/mo recurring donation to would be a drop in the bucket of most businesses, but a major boon to any open source project, with which the business will almost certainly see tangible value-add as a result.
The best book I have read about being an entrepreneur is Shoe Dog by Nike founder Phil Knight. If you are interested in business and have not read this book, what exactly are you reading?
This a journalistic book, a very sound bit of journalism by Suzanne Mustacich. She is based in Bordeaux, but she clearly travelled to China an awful lot and unravelled a most amusing commercial battle that went on in the early years of this decade between the Bordeaux chateau owners and merchants on the one side and Chinese business people on the other.
Adding new folks to a team disrupts that team’s gelling process, so I’ve found it much easier to have rapid growth periods for any given team followed by consolidation/gelling periods where the team gels.
Many folks try to move all teams at the same time, peanut buttering their limited resources, but resist that indecision-framed-as-fairness: no one getting anything is not a fair outcome.
Podcast. Another classic manifesto from Jason Fried and DHH, challenging the status quo of business today. Properly sparkled with both “fuck”s and wisdom. Fuck 50 or 80-hour work weeks, the always stressed, always anxious way of working, constant crunch. Let’s all calm down. It doesn’t have to be crazy at work.
The bottom line: When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients. Both large and small investors should stick with low-cost index funds.
ScreenFlow - I believe the future of my business is in video + video courses. I'm in ScreenFlow almost every day. Sometimes I use it to "hijack audio" during interviews. Sometimes I use it to edit video. It's getting a lot of use.
this is where the oft raised concern that hiring is
slowing us down comes from: at high enough rates, the marginal added value of hiring gets
very slow, especially if your training process is weak.
Every business wants to get you addicted to their infinite updates, pings, chats, messages, and news. But if what you want out of life is to create, then those are your obstacles.
Thoughts on building innovative new companies. There’s some startup BS in Zero to One that turned me off, but still enough interesting insight to recommend the book.
My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers.
Real product decisions aren’t easy. They require you to look at a proposal and say “This is a really great idea, I can see why our customers would like it. Well done. But we’re not going to build it. Instead, here’s what we’re doing.”.
I was correct in my original article: what we call design thinking is practiced in some form or other by all great thinkers, whether in literature or art, music or science, engineering or business. But the difference is that in design, there is an attempt to teach it as a systematic, practice-defining method of creative innovation.
A korrent is a belief a person has stated in their own words: one
sentence stating the claim, backed by a quote and a source, kept at
korrents.com.
Under a name here, the quoted block is what they actually said.
The korrent beneath it is the claim those words support, in
korrents' wording — tap it to see the record, its source, and who
else holds it.
Nobody here wrote their own korrents. They are compiled from public
statements, and a person can change their mind, which is recorded too.
About the English under a post
Some people here publish in a language other than English. Where they
do, this site shows a machine translation beneath the post, in
this typeface — the site's own, not theirs.
The post itself is never changed, moved or hidden: what is set in the
serif above is exactly what the person published, and it is what to
quote them on. A translation can be wrong in ways that matter,
especially about tone.
Only the post's own words are translated. A quoted post, a linked
article and a belief on korrents.com
are left in their original language.