The best consumer product people I know often come from random walks of life.
They are not CS grads from top universities.
They didn’t start their careers as Google PM’s.
They have unique backgrounds (education, career path, hometown) that make them view the world differently.
Don’t ever let effort be the primary reason for your failures.
It’s the easiest thing to fix.
Low effort usually implies ignorance towards wanting a better future.
Maximize the amount of asymmetric bets you take. How to do this?
Simple cost benefit analysis on each decision you make.
“What’s the worst that can happen?”
“What’s the best that can happen?”
Shoot your shot.
quality input = quality output
Information we consume.
Ingredients we eat.
Habits we develop.
Work Ethics we practice.
Make sure to always input quality.
High beta stocks are usually the first to be sold.
Although bitcoin is not a “high beta stock”, it is still a speculative asset. Most speculative equities are generally higher beta.
Bitcoin has yet to withstand an economic recession.
Foolish to think hodlers will hodl when all their assets are devaluing and they are strapped for cash.