The trick is not to be the hottest stock-picker, the winningest forecaster, or developer of the neatest model; such victories are transient. The trick is to survive! Performing that trick requires a strong stomach for being wrong because we are all going to be wrong more than often then we expect. The future is not ours to know. But it helps to know that being wrong is inevitable and normal, not some terrible tragedy, not some awful failing in reasoning, not even bad luck in most instances. Being wrong comes with the franchise of an activity whose outcome depends on an unknown future…
- Peter Bernstein
Every country that has manufactured consumer electronics at scale eventually produces its own global champions. I wrote down my thoughts on why India Is inevitable:
CUSTOMER : "Yayy, I’ve got the first iphone. I’m really excited.
My goal was to get the first one.
I had been waiting here for about 10 to 12 hours for this 😳
Finally, the first phone is in my hands. I’m absolutely THRILLED about it"