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Their words
It's easier to even predict whether growth will slow down at a certain point. it's easier to catch these trends earlier. If you don't have good observability over how your business runs and what the company's um key levers are, then you will be scrambling.
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.
Top people in Business
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21 September 2025
18 September 2025
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Their words
I I think most companies play too much with pricing all the time. It's like it just like causes all these problems with data and like it makes it hard to predict and then suddenly you you do you AB test discounts and then you cheapen the product because now people are just going to wait for the next discount
17 September 2025
12 September 2025
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Their words
And I think we'll see the same thing with automation where uh basically robot plus human is much better than just human or just robot. Uh and and that just like makes total sense. It also makes it much easier to get all the technology bootstrapped because when it's robot plus human, now there's a lot more potential for the robot to like actually learn on the job, acquire new skills.
4 September 2025
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Their words, before
There are obvious pricing problems in this scenario. With a new fab, a company can’t turn a profit selling a lagging-edge chip at the price that was previously dictated by a fully depreciated fab. Prices have to go up.
Their words now
The COVID super-cycle, plus a new China supply line that does not care about capacity economics, points to a forever glut.
2 September 2025
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Their words
But once you actually have a sophisticated industrial economy, central planning can't handle the complexity. And so you try and create incentives and structures around that while not having pricing and that just doesn't work.
1 September 2025
From one piece Thoughts on (Amazonian) Leadership 2 beliefs, in the piece's order there
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korrents.com
Listening to customers is invaluable, but you should not build the thing they asked you for.Their words
Customer Obsession is great, but I often see Amazonians taking this too simplistically: "Start with the customer" doesn't have to mean "ask customers what they want and then give them faster horses".
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korrents.com
Shipping a half-baked product permanently damages customer trust, even after it is later fixed.Their words
When AWS ships a service which is half-baked, it diminishes customer trust in AWS as a whole; even if the problems in that service ultimately get corrected (either by fixing them or in some cases by simply getting rid of a service which should never have existed in the first place) the memory of a failed launch will live on in customers' minds for years to come.
26 August 2025
20 August 2025
18 August 2025
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Their words
I mean I've heard from multiple investors that foundation models are the fastest deteriorating asset of all time. And so if step one of your business is to burn through tens of millions or hundreds of millions of dollars of capital before you find product market fit and that asset has value for like a a week, I'm not sure it's like a great business model.
From one piece How is AI Different Than Other Technology Waves? (With Bret Taylor and Clay Bavor) [ACQ2] 3 beliefs, in the piece's order there
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Their words
We can have a breakthrough in our agent architecture on Monday implemented on Tuesday and have it deployed with hundreds of our customers on Wednesday and directly see the impact of of that work.
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Their words
And in contrast to software as a service or software you'd buy off a shelf at, you know, Fry Electronics, you know, decades ago, which might help you be marginally more productive, help you get a job done. Agents, in contrast, are actually getting the job done for you. And so you're in essence hiring software to accomplish a task and get it done well.
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Their words
And the reason this is important is what we're trying to do in a way is resolve this age-old tension between the cost and quality of customer experience where I think every great business wants to deliver an amazing experience to their customers. But unless you're like Hermes or the Four Seasons, it's too expensive to do.
17 August 2025
15 August 2025
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Their words
so the mainstream view would say, well, China has cheaper labor, which is no longer true, uh, say compared to Mexico, and it's got lower environmental regulations, uh, which is true, and that it is more businessfriendly, which is absolutely crazy.
13 August 2025
From one piece Open Banking and payments competition 2 beliefs, in the piece's order there
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Their words
But cards are not and cannot be the last word in payments.
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korrents.com
Letting banks ruin the economics of businesses they dislike by demand letter will inevitably be abused.Their words
We should not allow banks to get into the habit of sending demand letters to ruin the economics of businesses they simply do not like.
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Their words
In the US, capital controls politics, one could argue. In China, it has to be the other way around. Capital must be reigned in by politics. As part of the capitalist class, do not have the ambition to exceed the powers of the political class, is really at the core of it, I’d say, is the biggest difference between US and China.
7 August 2025
2 August 2025
27 July 2025
19 July 2025
16 July 2025
From one piece The Jamie Dimon Interview: How JP Morgan Became an $800 Billion Bank 5 beliefs, in the piece's order there
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Their words
So you if you look at the leverage in some of these securitization books and mortgage books if you have 30 times leverage and you're getting 20% of the profits you'll go to 40 times leverage. It's just going to it's literally will add you know 25% to your bonus.
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Their words
the fortress balance sheet is that you run a company serving clients well, you have good margins, good liquidity, good capital. I'm as conservative in accounting as you can find. I don't up-front profits when I can spread them over time.
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Their words
we can cut billions of dollars of marketing out tomorrow. We can stop opening branches and save a billion dollars next year. We could do a lot of things. Your margins will go up. Your growth will go down. Your long-term margins will probably get worse.
+ 2 more
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Their words
A lot of our middle market clients use investment banking products. A lot of our consumer clients use some effects. So, all of our businesses feed each other. There's no extraneous. We got rid of everything that didn't fit a strategy.
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Their words
I've always been very risk-conscious. And risk-conscious does not mean getting rid of risk. It means properly pricing it and understanding the potential outcomes.
23 June 2025
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Lovedrcmnd.app
Fever Pitch: A Novel About Selling Your Vision, Raising Venture Capital, and Launching Your StartupTheir words
was delightful!
21 June 2025
11 June 2025
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Their words
From my experience, a lot of company culture is downstream from profit margins.
9 June 2025
8 June 2025
2 June 2025
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Their words
I had always thought that all "Intelligent Investing" is "Value Investing". And that true value is always sustainable. In otherh words, "All Intelligent Finance is Sustainable Finance."
1 June 2025
30 May 2025
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Their words
Personally, I wouldn't use Robinhood. This is more of a platform designed for traders.
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korrents.com
AI-enhanced access to information makes copying top investors' strategies smarter than ever before.Their words
There is more access to information than ever before. And that access is only enhanced by AI. Times could not be better for shameless cloners.
28 May 2025
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Their words
Assuming you are still hiring junior engineers (you really should be even in this AI era), the good ones will learn quickly and want to see career progress in their first few years of working.
24 May 2025
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Their words
He might have amazing attention to detail, he might be able to understand, have an enormous capacity to remember units and where they are on a map, but he was only a half corporal in the First World war. He’s never been to staff college.
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Recommendsaffiliate linkrcmnd.app
The No Asshole RuleTheir words
The No Asshole Rule - Robert I. Sutton (Business Plus, 2010)
21 May 2025
From one piece The Era Of The Business Idiot 2 beliefs, in the piece's order there
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korrents.com
Once shareholder value is the only goal, nothing else — the customer, the product, the workplace — is anybody’s job.Their words
When you care only about shareholder value, the only job you have is to promote further exploitation and dominance — not to have happy customers, not to make your company "a good place to work," not to make a good product, not to make a difference or contribute to anything other than further growth.
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Their words
the definition of a “good business” has changed from one that makes good products at a fair price to a sustainable and loyal market, to one that can display the most stock price growth from quarter to quarter.
18 May 2025
14 May 2025
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korrents.com
When you start a business, you get to make all the rules and decide how things should work without following norms.Their words
So the idea is when you start a business, you get to make all the rules now. You can, like in this little part of the world, you get to decide how things should work. You don't have to follow norms.
30 April 2025
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korrents.com
Running an app store costs about 6% of revenue, so charging 30% is something only a monopoly can do.Their words
The all-in cost of operating the Google Play Store, stocking it, maintaining it, the software, the entire ecosystem is around 6% of revenue. So in a competitive market, would a company whose cost is 6% be able to charge 30%? Absolutely not.
29 April 2025
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korrents.com
Payroll taxes fall mostly on workers rather than employers because labor supply is inelastic.Their words
Employer-side payroll taxes superficially raise hiring costs, yet the low elasticity of labor means most of the burden really falls on workers.
22 April 2025
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Recommendsrcmnd.app
Venture Adventure: Startup Fundraising Advice from Top Global InvestorsTheir words
both of which I recommend
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Recommendsrcmnd.app
Ecosystem Arabia: The Making of a New EconomyTheir words
I have written forewords for Amir in the past on two of his prior books, Ecosystem Arabia: The Making of a New Economy and Venture Adventure: Startup Fundraising Advice from Top Global Investors, both of which I recommend.
10 April 2025
6 April 2025
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korrents.com
Uncertainty about how long a tariff will last, not the rate itself, is what stops anyone from building a factory.Their words
The tariffs have frozen business activity because no one wants to take a big risk dependent on a policy that may change next week.
4 April 2025
2 April 2025
26 March 2025
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Usesrcmnd.app
Apple Airpods ProTheir words
Music, Podcasts, Business calls, and everything else
25 March 2025
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Their words
When I have conversations with breached companies, my messaging is crystal clear: be transparent and expeditious in your reporting of the incident and prioritise communicating with your customers.
23 March 2025
From one piece Superhuman's secret to success | Rahul Vohra (CEO and founder) 5 beliefs, in the piece's order there
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Their words
I always say the same thing when it comes to pricing, which is before you figure out pricing, you must first figure out positioning.
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Their words
Well, I strongly believe that we should make business software like we make games because when we make products like we make games, people find them fun. They tell their friends. They fall in love with them.
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Their words
And that's why when you have a missionritical product like email where you are interfacing with customers with candidates with investors it turns out to really matter. Email is mission critical. So it's not something where you can simply launch with a halfbaked product.
+ 2 more
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Their words
I knew that our competition was not going to be startups. It was incumbents. And I also knew that incumbents generally struggle with speed because by definition they have massive scale and usually entrenched architecture.
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Their words
But the price point that supports our best-in-class best-in- position is actually the third one. it starts to feel expensive, but then you sit down and you think about the time that you spend in email, the ROI, and you still buy it anyway.
21 March 2025
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Recommendsrcmnd.app
Tiny Experiments: How to Live Freely in a Goal-Obsessed WorldTheir words
A more how-to pragmatic version of carving your own path. Includes some personal story of reinvention but more on experimentation that challenges our default scripts of success and ambition.
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Recommendstheir ownrcmnd.app
Good Work: Reclaiming Your Inner AmbitionTheir words
A personal exploration of how to reclaim that fire inside of you and steer it toward your 'good work' while still being true to yourself.
6 March 2025
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Their words
Making ultra cheap products requires different rules and strategy.
12 February 2025
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Recommendsaffiliate linkrcmnd.app
VanguardTheir words
For most of my investing life, Vanguard was THE one-stop shop for index funds of all types. They have the lowest expense ratio and the utmost respect for their customers.
3 February 2025
From one piece DeepSeek, China, OpenAI, NVIDIA, xAI, TSMC, Stargate, and AI Megaclusters | Lex Fridman Podcast #459 4 beliefs, in the piece's order there
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Their words
But Google has never had that DNA of like, "This is a product we should sell." The Google Cloud, which is a separate organization from the TPU team, which is a separate organization from the DeepMind team, which is a separate organization from the Search team. There's a lot of bureaucracy here.
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Their words
OpenAI has a fantastic margin. When they're doing inference, their gross margins are north of 75%. So that's a four to five X factor right there of the cost difference, is that OpenAI is just making crazy amounts of money because they're the only one with the capability.
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Their words
But the funniest thing I think that comes out of this is Jevons paradox is true. AWS pricing for H100s has gone up over the last couple of weeks, since a little bit after Christmas, since V3 was launched, AWS H100 pricing has gone up.
+ 1 more
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Their words
But what happens when every company can just invent their own business logic really cheaply and quickly? You stop using platform SaaS, you start building custom tailored solutions, you change them really quickly.
From one piece DeepSeek, China, OpenAI, NVIDIA, xAI, TSMC, Stargate, and AI Megaclusters | Lex Fridman Podcast #459 2 beliefs, in the piece's order there
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Their words
I think that they're trying to shift the narrative. They're trying to protect themselves. We saw this years ago when ByteDance was actually banned from some OpenAI APIs for training on outputs. There's other AI startups that most people, if you're in the AI culture, were like they just told us they trained on OpenAI outputs and they never got banned.
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Their words
The short-term that company that could make the most money is the one that figures out what advertising targeting method works for language model generations.
29 January 2025
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Their words
Where housing costs are moderate, friends and family have bigger homes. When they are higher, friends and family don’t have space to share, and this is often what puts a vulnerable person onto the streets.
20 January 2025
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korrents.com
A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens.Their words
Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens.
19 January 2025
From one piece 10 growth tactics that never work | Elena Verna (Amplitude, Miro, Dropbox, SurveyMonkey) 5 beliefs, in the piece's order there
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Their words
Focusing on these earned channels that you own becomes the utmost priority. And if you don't have them on your growth road map, you're going to be in some really big trouble over the next year to two years because your cost of acquisition is only going to go up.
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Their words
An algorithm can give it, but algorithm can also take it away at any point and you have no control because you don't own those channels.
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korrents.com
A startup does not need a growth team to start growing, because the first wave of growth has to be founder-led.Their words
I really believe that the founder led growth is not being popularized enough that you do not need growth teams until you actually can start running experiments on your user base
+ 2 more
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Their words
But to ever promise a homepage redesign or marketing site redesign in order to drive more acquisition is a failed promise that is going to be led by lots of agency money spending, uh often a million dollars plus
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Their words
If you have the overall business slowing down, your head of growth is destined to fail because the reason business is slowing down is much deeper than not having a growth team.
10 January 2025
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Lovedrcmnd.app
Bandwidth: The Untold Story of Ambition, Deception, and Innovation that Shaped the Internet Age and Dot-Com BoomTheir words
See an excerpt explaining why I loved reading this book.
17 December 2024
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On changing their mind
I used to cast a much wider net, like I felt like people ought to get to interview anyone who was being hired over them.
From one piece “Founder Mode” and the Art of Mythmaking 2 beliefs, in the piece's order there
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Their words
You should ALWAYS have as few employees as possible. Always. Hiring more people should never be the first lever you reach for, it’s what you do after exhausting your other options.
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Their words
Can you be calibrated as an interviewer on every single opening, for every role? My God, no, not even close.
16 December 2024
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Usesrcmnd.app
HBR IdeaCastTheir words
an episode per week on a management topic featured in Harvard Business Review.
9 December 2024
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korrents.com
Nic Carter correctly identified the product behind the FDIC’s redacted crypto pause letters.Their words
I think Carter is very likely (90%+) correct with respect to identifying the subject of these letters.
18 November 2024
6 November 2024
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Lovedrcmnd.app
Designing for PeopleTheir words
Memoirs of one of the founders of industrial design.
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Lovedrcmnd.app
Dijkstra archiveTheir words
Collected writings of one of the founders of computer science.
18 October 2024
14 October 2024
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korrents.com
There are few clear-cut cases in biopharma today where buying an AI system is obviously worth it.Their words
At the moment, there are in fact not very many slam-dunk gotta-get-me-some-of-that-AI decisions out there in our business.
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korrents.com
Building a business on open source is a good thing; the objection is to trademark abuse, not to commercial use.Their words
I think it’s fantastic when businesses are built on open source, the WordPress ecosystem is at least 10B+ a year; Automattic and WP Engine are less than 5% of that.
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Their words, before
My suggested approach would be more capital intensive while retaining a lot of risk until fairly late in development. I am not sure it’s fundable.
Their words now
Cargo airship margins, therefore, can be much higher than I had realized.
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Their words
Many software investors eschew hard tech startups because of their capital intensity, but it’s hard to deny that huge returns are possible in hard tech: just consider SpaceX.
10 October 2024
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Likedrcmnd.app
The Invention of the Jewish PeopleTheir words
Fascinating subject. Countries are made of stories. Kings didn’t need their subjects to agree, but nations do. So to build a nation, they need to make a story that helps people feel a shared identity, nationalism, and what distinguishes them from their neighbors. Back-creating a history. Founders of Israel did this brilliantly.
7 October 2024
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Mixed onrcmnd.app
The Social NetworkTheir words
The Social Network is substantially made up, more a source for vibes rather than a source for facts. Even the vibes fail to cohere with reality. And yet it convinced many proto-founders to put in YC applications.
26 September 2024
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Their words
This isn’t a money grab: it’s an expectation that any business making hundreds of millions of dollars off of an open source project ought to give back, and if they don’t, then they can’t use its trademarks.
22 September 2024
17 September 2024
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Their words
I believe Meta should have the right to set their terms—they’re smart business, and an amazing deal for users of Llama—but don’t pretend Llama is Open Source when it doesn’t actually increase humanity’s freedom.
3 September 2024
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Their words
I argue that over the past 30+ years markets have become less informationally efficient in the relative pricing of common stocks, particularly over medium horizons.
1 September 2024
From one piece Founder Mode 4 beliefs, in the piece's order there
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Their words
In effect there are two different ways to run a company: founder mode and manager mode. Till now most people even in Silicon Valley have implicitly assumed that scaling a startup meant switching to manager mode.
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Their words
I also have another less optimistic prediction: as soon as the concept of founder mode becomes established, people will start misusing it. Founders who are unable to delegate even things they should will use founder mode as the excuse. Or managers who aren't founders will decide they should try to act like founders.
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Their words
Except in practice, judging from the report of founder after founder, what this often turns out to mean is: hire professional fakers and let them drive the company into the ground.
+ 1 more
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Their words
There are things founders can do that managers can't, and not doing them feels wrong to founders, because it is.
24 August 2024
19 August 2024
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Lovedrcmnd.app
Something VenturedTheir words
Something Ventured -- a lighthearted history of the venture capital industry.
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Lovedrcmnd.app
Heat Death: Venture Capital in the 1980sTheir words
Heat Death: Venture Capital in the 1980s -- a brief history of the venture capital industry since 1973.
8 August 2024
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Their words
Right now, they can make simple social media posts for small companies and individual influencers. Two years from now, they can make simple campaigns and tradeshow collateral for mid-sized businesses. And in 10 years, I bet that even the richest brand will rely heavily on these tools.
2 August 2024
20 July 2024
19 June 2024
From one piece Aravind Srinivas: Perplexity CEO on Future of AI, Search & the Internet | Lex Fridman Podcast #434 3 beliefs, in the piece's order there
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Their words
I think the thing that most people get wrong after they’ve decided to start a company is work on things they think the market wants. Not being passionate about any idea but thinking, okay, look, this is what will get me venture funding. This is what will get me revenue or customers. That’s what will get me venture funding. If you work from that perspective, I think you’ll give up beyond the point because it’s very hard to work towards something that was not truly important to you.
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Their words
You can set out to build a good business and it’s still fine. Maybe the long-term business model of Perplexity can make us profitable in a good company, but never as profitable in a cash cow as Google was. You have to remember that it’s still okay.
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Their words
What is the weakness of Google is that any ad unit that’s less profitable than a link, or any ad unit that kind of disincentivizes the link click is not in their interest to go aggressive on, because it takes money away from something that’s higher margins.
14 June 2024
2 June 2024
21 May 2024
12 May 2024
8 May 2024
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Their words
It should be hard — exceedingly hard — to obtain the synthetic DNA needed to recreate the virus that caused the deadly 1918 influenza pandemic without authorization. But my lab found that it’s surprisingly easy, even when ordering gene fragments from companies that check customers’ orders to detect hazardous sequences.
5 May 2024
8 April 2024
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Recommendsrcmnd.app
Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and LifeTheir words
If I were teaching a course in decision-making and had to assign one book, it would be this one.
26 March 2024
From one piece Seth Godin: "Failure is Learning on Your Way to Mastery" and Other Advice for Creativity (The Knowledge Project #105, published 23 February 2021) 2 beliefs, in the piece's order there
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Their words
nobody has everyone as their customer. Nobody. Maybe the water company, but that's about it. Our goal cannot be to be for everyone. That we have to be for someone. The smallest viable audience, not the biggest possible audience.
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Their words
Employees don't want what you want. Customers don't want what you want. Uh you know, that that one of the challenges of the whole stock option thing is entrepreneurs and founders think that other people will be as motivated by owning part of the company as they are. They are not. Not even close.
18 March 2024
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Their words
I would heavily discourage any startup that was thinking about starting as a nonprofit and adding a for-profit arm later. I’d heavily discourage them from doing that. I don’t think we’ll set a precedent here.
4 March 2024
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Their words
If you look at the 10 largest companies in the world, half of them are trying to create this addictive relationship to technology.
27 February 2024
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Their words
the embodied, interactive, and multi-modal nature of first language (L1) acquisition is challenging to replicate with current models.
20 February 2024
From one piece Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413 5 beliefs, in the piece's order there
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korrents.com
About a dozen holdings captures nearly all the benefit of diversification; going to fifty adds almost nothing.Their words
I even recommend for individual investors to invest in a dozen companies, you don't get that much more benefit of diversification going from a dozen to 25 or even 50.
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korrents.com
Incentives drive all human behaviour, which makes a management team's incentives central to valuing a company.Their words
So as I like to say, incentives drive all human behavior and that certainly applies in the business world. So understanding the people and what drives them, and what the actual financial and other incentives of a business, are very important part of the analysis for investing in a company.
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Their words
Price matters a lot. You can buy the best business in the world and if you overpay, you're not going to earn particularly attractive returns.
+ 2 more
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korrents.com
Most investments are really speculations, because only a handful of businesses can be predicted with any confidence.Their words
And very few businesses that you can have a really high degree of certainty about. And as a result, many investments are speculations because it's really very difficult to predict the future.
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Their words
And oftentimes it's more important to them to have the public perception that they're good directors so they get the next best deal. If they have a reputation for taking on management too aggressively, word will get out in the small community of founders and they'll miss the next Google.
17 February 2024
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korrents.com
A business succeeds through a small number of highly effective distribution channels, not many mediocre ones.Their words
any given business will find a small number of highly-effective channels, and the rest don't matter.
12 February 2024
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Their words
In light of the applied nature of current research problems, there is another path that exposes you to cutting-edge AI work: joining a startup.
5 January 2024
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korrents.com
What sets a company’s velocity is spending its time on the right things, not how much code it produces.Their words
What matters is moving the business forward, not churning out code.
3 January 2024
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Their words
Specialized suppliers need multiple shipyards in one location to steady their business.
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Mixed onrcmnd.app
Elon MuskTheir words
The back half is kind of a hit piece on his Twitter acquisition in way way too much detail
19 December 2023
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Likedrcmnd.app
How Languages are LearnedTheir words
To that end, I read a few different books from the field of second language acquisition (SLA) over the summer, and even wrote a review of How Languages are Learned.
14 December 2023
From one piece Jeff Bezos: Amazon and Blue Origin | Lex Fridman Podcast #405 3 beliefs, in the piece's order there
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Their words
The only interesting problem is dramatically reducing the cost of access to orbit, which is, if you can do that, you open up a bunch of new endeavors that lots of start-up companies everybody else can do. One of our missions is to be part of this industry and lower the cost to orbit, so that there can be a renaissance, a golden age of people doing all kinds of interesting things in space.
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Their words
And I would encourage anybody, if anybody listening to this is an entrepreneur, has a small business, whatever, think about the things that are not going to change over 10 years. And those are probably the big things.
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Their words
That's an inventor's greatest dream, is that their inventions are so successful that they are one day taken for granted. Nobody thinks of Amazon as an invention anymore. Nobody thinks of customer reviews as an invention.
6 December 2023
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Their words
Opportunity solution trees help product trios: Resolve the tension between business needs and customer needs
6 November 2023
28 September 2023
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Their words
I don't think we necessarily want there to be one big super intelligence. We want to empower everyone to both have more fun, accomplish their business goals, just everything that they're trying to do. We don't tend to have one person that we work with on everything, and I don't think in the future we're going to have one AI that we work with.
14 September 2023
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Their words
Less than half their revenue comes from game engines. Over half comes from advertising.
14 July 2023
7 July 2023
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korrents.com
Product management is not going away, but hiring product owners who just feed developers tasks should stop.Their words
I don’t think Product Management is going anywhere, but I do hope the days of hiring Product Owners who just feed developers tasks are done.
5 July 2023
29 June 2023
From one piece George Hotz: Tiny Corp, Twitter, AI Safety, Self-Driving, GPT, AGI & God | Lex Fridman Podcast #387 2 beliefs, in the piece's order there
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korrents.com
The business world is the moral inverse of the hacking world, because business is a world that promotes psychopathy.Their words
I came into the business world with Comma, and I found the exact opposite. I found 5% of people good and 95% of people bad. I found a world that promotes psychopathy.
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korrents.com
Social and advertising businesses come and go; a technology company that wants to endure has to build hardware.Their words
The two companies that have endured through technology are Apple and Microsoft. And what do they make? Computers and business services, right. All the meme, social ads, they all come and go. But you want to endure, build hardware.
23 May 2023
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Their words
this is the most personal of personal decisions and no one should ever try to pressure anyone else to have kids-it's way too big a thing to be anyone else's business.
30 April 2023
26 April 2023
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korrents.com
Software performance is central to long-term business success rather than a niche engineering concern.Their words
Software performance appears to be central to long-term business interests.
7 April 2023
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korrents.com
The job of a multiplayer designer is to grow a community, not to make gamified numbers go up.Their words
We are no longer in the business of delivering systems where players make gamified numbers go up.
2 March 2023
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korrents.com
Labour-saving innovation in rich countries is aimed at the only asset most of the world’s poor have to sell.Their words
Therefore, we have the perverse situation that the richest people are hiring some of the most talented and technologically sophisticated people on the planet to engage in innovation aimed at driving down the demand for labor—the major and often only asset of the world’s poor.
19 February 2023
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Their words
A platform operator can effortlessly change the distribution of surpluses in an instant, while suppliers and customers have to engage in minute, time-consuming and unreliable Platform Kremlinology just to detect these changes, much less understand them.
2 February 2023
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Their words
This is how I frame it: if the effort required to replace or fork a dependency should it go unmaintained is measured in engineer-months, that’s a critical dependency and retaining its maintainers probably makes good business sense.
30 January 2023
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Their words
FAA certification is required before you transport anything for money.
21 January 2023
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Their words
Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves.
31 December 2022
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Their words
We are not suppliers. All the people writing and maintaining these projects, we are not suppliers. We do not have a business relationship with all these organisations.
28 November 2022
26 August 2022
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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.
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.
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
Zero to OneTheir words
This is an extremely well-written book focused on startup product strategy.
+ 1 more
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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
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
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.
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
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
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.
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