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Their words
If you had given the Romans the designs for a Newcomen steam engine, they couldn’t have built it without developing whole new technologies for the purpose (or casting every part in bronze, which introduces its own problems) and then wouldn’t have had any profitable use to put it to.
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.
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26 August 2022
6 June 2022
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Their words
The problem with talking to the customer for anything you are making is that you might be wrong.
1 June 2022
From one piece Fiscal Policy under Low Interest Rates 3 beliefs, in the piece's order there
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Their words
This is precisely the role the central bank can play. By announcing that it stands ready to buy the bonds that investors want to sell at the price associated with the low interest rate, and credibly indicating that it has deep enough pockets to buy whatever is needed, it can eliminate the bad equilibrium.
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Their words
Sovereign debt markets (and many other markets as well) are subject to sudden stops in which investors either drop out or ask for large spreads even in the absence of large changes in fundamentals.
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Their words
The proposition is that the cancellation of the bonds held by the central bank would decrease the amount of interest payments and thus the debt service of governments. And indeed, it would. But it would have another effect—namely, to decrease the revenues of the central bank and thus the profits that the central bank turns in to the government. This second effect would be exactly of the same size as the first, and the net effect on the government budget constraint would be equal to zero.
7 April 2022
4 April 2022
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Their words
When you take venture funding, you sign up for a rocket ship ride that will either take you to the moon or to crash-land painfully back on earth. Those are the only two choices. And both rides tend to require heavy extraction of value from the customer.
Announcing RedwoodJS 1.0 and $1M Fundingtom.preston-werner.com
21 February 2022
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Their words, before
One of the reasons I've never cared for crypto currencies is that the associated utopia of trustless society had zero appeal to me. I don't think the world is better off by erasing the need to trust in our transactional counterparts, so turning these transactions into pure computing always struck me as a regression.
Their words now
But wherever this leads us next, it's clear to me now that I was too hasty to completely dismiss crypto on the basis of all the things wrong with it at the moment. Instead of appreciating the fundamental freedom to transact that it's currently our best shot at protecting.
25 January 2022
From one piece Inside the Mind of A Famous Investor | Marc Andreessen 4 beliefs, in the piece's order there
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korrents.com
Industries do not stay competitive markets; over time most settle into a monopoly or, more often, an oligopoly.Their words
a lot of industries over time end up not like that. They end up not being actually a fair and free market with market discipline. They end up as something else. In the business world, what they end up with is either just, you know, one company with a full up monopoly or more commonly they end up with what's called an oligopoly
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Their words
A successful startup has about five years until they become a new incumbent. Um and and they actually start to behave like an incumbent. That's rational. Like of course that's rational. Like they've now built something worth defending.
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korrents.com
Almost everything worth doing sits in a probabilistic domain where a perfect score is not available.Their words
in quote-unquote real life, right? Which is starting businesses or you know, writing books, right? Or composing music or playing basketball or playing poker, right? Or basically doing anything interesting we're in a probabilistic domain, right?
+ 1 more
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Their words
the reality is the kids that make new things work from scratch. It actually turns out that they actually have been deep in the domain for a long time. Almost every case, they've been thinking hard about the problem that they're trying to solve actually for in in a lot of cases for many years.
23 January 2022
3 December 2021
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Readrcmnd.app
Steven Spielberg: A BiographyTheir words
My key takeaway from the book: Spielberg, for reasons that McBride can never quite nail down, was capital-D driven. His story provides a master class in the potential of mixing relentless ambition, talent, and perfect timing.
25 November 2021
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Likedaffiliate linkrcmnd.app
Fitbit SenseTheir words
This one might come as a surprise to some, but the reality is that at Fitbit’s more reasonable pricing as of late, the Fitbit Sense is a pretty good option. And it’s a super well-rounded option
22 November 2021
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korrents.com
TSMC can pass its rising costs on because at the leading edge its customers have nowhere else to go.Their words
Given the concentration of fabrication power at TSMC, customers really don’t have another option.
The Rising Tide of Semiconductor Costfabricatedknowledge.com
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Likedaffiliate linkrcmnd.app
Anthro-VisionTheir words
Gillian Tett, Anthro-Vision – my colleague Gillian Tett makes the case for thinking like an anthropologist in business and in life. The description of how KitKats took Japan by storm is a particular delight.
5 November 2021
31 August 2021
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korrents.com
Boeing's decline began when its management moved away from the factory and the engineers stopped running it.Their words
The changes separated its management and board from the day-to-day processes at the heart of its business.
America's Aerospace Industry is Regeneratingaustinvernon.site
14 August 2021
11 August 2021
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Likedaffiliate linkrcmnd.app
From the River to the SeaTheir words
Sedgewick was more successful in developing his characters, and I also appreciated that he took regular tangents into other related and interesting matters like the Leadville mining boom, the growth of Los Angeles, and the business maneuvers of other railroad barons like Jay Gould and Collis Huntington.
5 August 2021
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Recommendsrcmnd.app
How to Build an Iconic CompanyTheir words
These are three-minute podcasts that talk about startups, leadership, management, and strategy.
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Lovedrcmnd.app
The Everything StoreTheir words
The Amazon startup story.
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Lovedrcmnd.app
Elon MuskTheir words
This has three startup stories in one book
+ 2 more
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Lovedrcmnd.app
Zero to OneTheir words
This is an extremely well-written book focused on startup product strategy.
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Recommendsrcmnd.app
How I Built ThisTheir words
Like my startup books, each of these podcasts gives insight into product and strategy.
9 June 2021
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Likedrcmnd.app
Startup CXOTheir words
It is the kind of book you will keep by your desk and pull out from time to time to figure out how to approach an issue or to help one of your senior leaders figure out how to do that.
3 June 2021
1 March 2021
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Dislikedaffiliate linkrcmnd.app
ObliquityTheir words
One of those business books (and there are many) that you can get the main idea within the first 20 pages and can stop reading there. I skimmed through most of it.
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Recommendsaffiliate linkrcmnd.app
Shoe DogTheir words
A must-read for anyone who wants to start a business, has started a business, wishes they started a business or has ever thought about starting a business.
23 February 2021
20 February 2021
11 January 2021
From one piece Something of Value (memo to Oaktree clients) 3 beliefs · oaktreecapital.com
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Their words
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.
Something of Value (memo to Oaktree clients)oaktreecapital.com
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korrents.com
The value-versus-growth distinction does not serve investors well in a fast-changing world.Their words
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.
Something of Value (memo to Oaktree clients)oaktreecapital.com
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Their words
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.
Something of Value (memo to Oaktree clients)oaktreecapital.com
9 January 2021
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Their words
Adopting the traditional semiconductor manufacturing business model to compete head to head against the likes of Intel would guarantee automatic failure.
20 November 2020
From one piece A few ways to make money in FOSS 2 beliefs, in the piece's order there
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Their words
And yes, you are building a business. You need to start thinking of your project as a business and of yourself as a business owner.
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Their words
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.
8 November 2020
28 October 2020
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Likedaffiliate linkrcmnd.app
Behind the Cloud: The Untold Story of Salesforce.comTheir words
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.
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Likedaffiliate linkrcmnd.app
What Customers WantTheir words
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.
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Dislikedaffiliate linkrcmnd.app
The Lean StartupTheir words
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)
+ 2 more
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Likedaffiliate linkrcmnd.app
Pitching HacksTheir words
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.
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Likedaffiliate linkrcmnd.app
Community Building on the WebTheir words
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.
24 August 2020
27 July 2020
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Lovedrcmnd.app
Startup CommunitiesTheir words
has updated his excellent book on startup ecosystems
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Likedrcmnd.app
The Startup Community WayTheir words
The timing of this book is excellent.
24 July 2020
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Their words
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.
19 June 2020
28 May 2020
18 May 2020
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Recommendsrcmnd.app
The Ride of a LifetimeTheir words
But I recently read another business book that I will happily recommend to anyone who asks: The Ride of a Lifetime, by former Disney CEO Robert Iger.
15 March 2020
4 March 2020
7 February 2020
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Lovedrcmnd.app
The Fish that Ate the WhaleTheir words
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.
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Mixed onrcmnd.app
The 12 Week YearTheir words
It’s okay, didn’t feel like there was anything groundbreaking here in the planning, productivity, or business space though.
28 January 2020
5 November 2019
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Their words
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.
20 August 2019
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Likedrcmnd.app
BenchTheir words
Bench handles all of the bookkeeping for my business.
2 August 2019
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Likedrcmnd.app
This Is MarketingTheir words
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.
28 May 2019
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Recommendsaffiliate linkrcmnd.app
The Algebra of Happiness: Notes on the Pursuit of Success, Love, and MeaningTheir words
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.
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Recommendsaffiliate linkrcmnd.app
Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and LifeTheir words
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.
30 January 2019
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Their words
There is no ongoing service without retention.
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Recommendsaffiliate linkrcmnd.app
Principles for Navigating Big Debt CrisesTheir words
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.
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Recommendsaffiliate linkrcmnd.app
The Little Book That Still Beats the MarketTheir words
Joel Greenblatt is one of the highest-performing value investors around, and this simple book gives an accessible outline of his formula.
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Recommendsaffiliate linkrcmnd.app
The Lessons of HistoryTheir words
It’s not an investing book, but The Lessons of History is one of the most important books for long-term investors to read, in my opinion.
20 January 2019
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Their words
The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz
28 October 2018
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Usesrcmnd.app
Odd LotsTheir words
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
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Usesrcmnd.app
Masters in BusinessTheir words
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
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Usesrcmnd.app
EconTalkTheir words
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
+ 2 more
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Usesrcmnd.app
Conversations with TylerTheir words
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
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Usesrcmnd.app
The Tim Ferriss ShowTheir words
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
10 September 2018
22 August 2018
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Their words
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.
16 July 2018
9 July 2018
30 June 2018
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Recommendsrcmnd.app
Thirsty Dragon: China's Lust for Bordeaux and the Threat to the World's Best WinesTheir words
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.
17 June 2018
From one piece Staying on the path to high performing teams. 3 beliefs, in the piece's order there
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korrents.com
A team should grow in bursts followed by periods of consolidation, because continuous hiring never lets it gel.Their words
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.
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Their words
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.
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korrents.com
A team that is falling behind can only be fixed by hiring more people; no amount of process or patience will move it.Their words
When falling behind, the system fix is to hire more people until the team moves into treading water.
28 April 2018
26 April 2018
20 April 2018
31 January 2018
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Likedrcmnd.app
SuperforecastingTheir words
Lots of interesting learnings and relevant to those making startup investments also!
1 January 2018
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Readrcmnd.app
Age of AmbitionTheir words
If you don’t really understand or know a lot about China today, this is one perspective. Good book.
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Readrcmnd.app
It Doesn’t Have to Be Crazy at WorkTheir words
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.
13 April 2017
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Recommendsrcmnd.app
The Good Jobs Strategy: How the Smartest Companies Invest in Employees to Lower Costs and Boost ProfitsTheir words
The Good Jobs Strategy: How the Smartest Companies Invest in Employees to Lower Costs and Boost Profits, by Zeynep Ton
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Recommendsrcmnd.app
Delivering Happiness: A Path to ProfitsTheir words
Delivering Happiness: A Path to Profits, by Tony Hsieh, Zappos
25 February 2017
From one piece Berkshire Hathaway 2016 Chairman's Letter 2 beliefs · berkshirehathaway.com
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korrents.com
Investors do better over time in a low-cost index fund than in a group of hedge funds, on average.Their words
Investors, on average and over time, will do better with a low-cost index fund than with a group of funds of funds.
Berkshire Hathaway 2016 Chairman's Letterberkshirehathaway.com
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Their words
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.
Berkshire Hathaway 2016 Chairman's Letterberkshirehathaway.com
22 December 2016
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Usesaffiliate linkrcmnd.app
ScreenFlowTheir words
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.
10 October 2016
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Their words
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.
27 July 2016
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korrents.com
The feeds businesses design to be addictive are obstacles to anyone whose aim is to make something.Their words
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.
2 May 2016
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Likedrcmnd.app
The Business BlockchainTheir words
the book makes a complex subject, blockchain technology, accessible for the non-technical
19 June 2015
28 February 2014
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Their words
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.
Berkshire Hathaway 2013 Chairman's Letterberkshirehathaway.com
3 July 2013
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korrents.com
A real product decision says a proposal is a great idea and still turns it down for something else.Their words
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.”.
27 June 2013
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Their words
Third, a cash transfer to help the poor build business is like aspirin to a flesh wound. It helps, but not for long.
28 March 2013
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Readrcmnd.app
The EnduranceTheir words
I'm reading The Endurance and "by endurance we conquer" (Ernest Shackleton's family motto) struck me as a great piece of startup wisdom.
19 March 2013
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Their words
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.
16 December 2012
13 December 2012
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Their words
The web was an interesting and different place before links got monetized, but by 2007 it was clear that Google had changed the web forever, and for the worse, by corrupting links.
2 September 2012
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Their words
Like sushi chefs, we as founders, designers or developers, need to develop our tastes, in order to build things people can be impressed about.
26 March 2012
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Usesrcmnd.app
ArqTheir words
I use Arq for backups, LastPass for passwords, Chrome for my browser and have four users set up inside Chrome to handle business and personal account separation.
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Usesrcmnd.app
LastPassTheir words
I use Arq for backups, LastPass for passwords, Chrome for my browser and have four users set up inside Chrome to handle business and personal account separation.
9 March 2012
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Usesrcmnd.app
CalibreTheir words
I use Calibre to manage my ebooks, and harbor an ambition to rewrite its web UI.
8 March 2012
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Their words
I think that this is insufficiently appreciated outside of the drug business. Nothing goes away unless it's well and truly superseded.
28 October 2011
From one piece Don't Call Yourself A Programmer, And Other Career Advice 5 beliefs, in the piece's order there
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Their words
The person who has decided to bring on one more engineer is not doing it because they love having a geek around the room, they are doing it because adding the geek allows them to complete a project (or projects) which will add revenue or decrease costs.
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Their words
If you call yourself a programmer, someone is already working on a way to get you fired.
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Their words
Because you radically overestimate the likelihood that your startup will succeed and radically overestimate the portion of the pie that will be allocated to you if the startup succeeds.
+ 2 more
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korrents.com
Most jobs and most good candidates never appear publicly; hiring travels through personal networks instead.Their words
Most jobs are never available publicly, just like most worthwhile candidates are not available publicly
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korrents.com
Academic credentials — grades, major, the prestige of the degree — barely matter to industry hiring.Their words
Your major and minor don’t matter. Most decisionmakers in industry couldn’t tell the difference between a major in Computer Science and a major in Mathematics if they tried.
24 October 2011
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Dislikedrcmnd.app
iPhoneTheir words
I got an iPhone because Helio went out of business (I had a phone I loved called the Ocean2), but I don't like the iPhone because I need keys.
8 March 2011
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Usesrcmnd.app
PhotoshopTheir words
Adobe Photoshop gets some use, mostly when my business partner sends me designs and buttons and such to turn into markup and CSS, but also when I want to goof around a bit with images or process screenshots for my writing.
1 March 2011
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Lovedrcmnd.app
What Investors Really WantTheir words
Meir Statman, one of my favorite behavioral economists, has written a great book on how investors can overcome their base urges and make better decisions:
11 December 2010
18 October 2010
Nothing matches.
What is a korrent?
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.