Investing 101: Risk management is poorly understood and even more poorly applied.
Here’s a simple framework I use to manage risk.
Imagine a barbell - weights at either end with a thin bar in the middle. In my opinion, risk is best managed in this way.
The best way to reduce fear is action.
Often we talk ourselves out of something because we're scared. We're scared of failing. We're scared of the unknown.
The longer we delay, the greater the fear.
The imperfect first step shows we suffer more in our mind than in reality.
Goldilocks principle of career growth:
Too junior: all execution/no strategy
Too senior: all strategy/no execution
Just right: both strategy+execution
Progress to the point where you build a strategy muscle, but not to the point where your execution muscle atrophies to nothing.
Something I changed my mind on:
I thought it was impossible to build a strong culture remotely. But 3 months into new role: never met coworkers in person, team is bonded and performing at high level.
Building culture is always hard but the people matter more than circumstances.
In many different fields, outsiders overestimate the value of ideas and underestimate the difficulties of execution.
So it's probably a good strategy for learning about any new field to ask "why is execution harder than it seems to outsiders?"
Advice is overrated.
If you want to start a business, do it. If you want to start investing, do it. If you want to go to school, do it. If you want to have kids, do it. There's never a perfect time to do anything worth doing in life. Trust your instincts. Filter out the noise.
Meetings are easier to understand once you realize that most people spend time signaling not adding value.
You can instantly shorten them and increase quality by asking people to tell you what they know about the problem that no one else in the room knows.
Superpowers you can have:
- Ability to change yourself & your mind
- Not taking things personally
- Not needing to prove you're right
- Careful selection of all relationships
- Staying calm
- Being alone without being lonely
- Being ok being uncomfortable
- Thinking for oneself
I don't have a CS degree...or any degree. Some of our best engineers at GitHub never even graduated high school. But also, some of them had a BS, masters, or PhD in CS. Amazing programmers come from all backgrounds. Using formal education as a hiring filter is nonsense.
"Everything is a social construct" is such an intellectually lazy thing to say. It doesn't communicate any useful information. Just because some categories have fuzzy boarders doesn't mean they're meaningless or arbitrary, or that the borders for all categories are equally fuzzy.
Counterintuitive:
I’ve found it’s actually a disadvantage to have an “in” at a company/potential customer.
Nobody likes having a friend who wants a favor or the pressure/awkwardness.
The ultimate “in” is having the right solution to a customer’s problem and a good reputation.