Ben Horowitz says the difference between a great idea and a great company is the entrepreneur:
"If you look at Tesla, what you would see is big oil, big auto, big government, were never going to let that happen."
"They would kill you. But the reality is, Elon Musk, he's hard to kill. He by himself kind of decarbonized the American auto industry, which is unbelievable in retrospect."
"If you listen to the politicians now, they're like 'oh, he didn't build Tesla, he just struck a gold mine and is pulling the gold out, all the people built it.'"
"Why didn't all those people build another Tesla? Because there's only one non-fungible, very rare person in that equation who could do that. That's why there's only one SpaceX."
@travisk@bhorowitz@eriktorenberg
For f*ck sake. Be optimistic. Be extreme. Be relentless. The world is waiting for you to raise the bar and finally go all in. Execute. Inspire. Show us what’s possible.
Everything matters and every moment matters.
There’s a reason Relentless Effort is one of our core pillars. Life is about Relentless Effort. There will be obstacles and challenges, but relentless effort is essential to pushing through and overcoming all obstacles. Each moment matters and has an effect on how your life plays out. Approach the little moments the same way you do the big ones. Be consistent. Choose to be relentless in every moment.
Game theory explains why the person with fewer options becomes easier to control. Desperation narrows the decision tree until every bad offer starts looking like survival. This is why your first duty is to build exits. Money, competence, reputation, allies, and emotional detachment are not luxuries. They are escape routes from being priced cheaply.
As a manager, it took me far too long to learn that meetings aren't actual work. I thought meetings drove output. Turns out, most meetings are about control, not collaboration. About signaling ambition versus pursuing it. If you can't pass these three tests, cancel the meeting:
Important questions.
Seems existential for city boda rider model
Tone a bit spicy for Ug & intended stakeholder context
Not sure if the leverage exists to move like this.
Still: a brand choosing character over silence is refreshing
Now curious too, I hope you get some answers😃
SafeBoda supports efforts to bring order and organization to Kampala’s transport system.
However, several important questions remain unanswered.
Below is our official statement.👇
A family loses a father. Then gets an eviction notice.
The public asks "wasn't there insurance?"
A critical question: who was responsible for keeping it active?
Unlike short-term loans, mortgage insurance renews annually. Over years — chances for the system to fail.
Full piece 👇
@KakandeAlex As you point out, their real return is simply the nominal yield minus inflation. So inflation is a risk!
I appreciate your advocacy for bonds but your claim is overstated.
Ignorant, NO!
What is MONEY if not its purchasing power?
And what is a bond if not a stream of cash flow/MONEY (principal + interest) paid in the future?
Inflation erodes the real value of all nominal MONEY; salaries, rent, and bond coupons alike. Bonds aren’t exempt; ...
Anyone who explains inflation this is ignorant of how it works. Inflation erodes the purchasing power of any money. Not bonds.
If I’m earning 15% gross yield on bonds. My Real return is 12%
If your rental yield is 8%. Your real return is 5% after inflation. @Malowbar