The most important room you will ever hear: @naval, @friedberg and I discuss the underappreciated risk of a nuclear use in Ukraine.
https://t.co/7ZsuYMMXcn
Three things new angels don’t understand:
• The importance of moats (brand is not a moat).
• Many bad businesses ramp revenue quickly.
• How to read signals (actions, not words).
Starting out - if you don’t know enough to run it, you don’t know enough to invest in it.
“For the simplicity on this side of complexity, I wouldn't give you a fig.
But for the simplicity on the other side of complexity, for that I would give you anything I have.”
https://t.co/XQ4ujSjQIS
Social scientists conjure opinionated models, journalists anoint them experts, politicians carry out their orders.
The middle managers of society, exercising power without merit.
True expertise is a rare product of obsession and objectivity.
Nature has no lanes.
Charging for the blue check moves it from a status symbol to a utilitarian one.
It elicits shrieks because it’s more about leveling the playing field than making money.
Democratizing verification levels the playing field, exposes bots, and frees the bird from advertisers.
However, signal-boosting replies from verified accounts is a pay-to-play and penalizes the small but insightful accounts that make Twitter worthwhile.