“Businesses die more often from indigestion than starvation.”
- Bill Gates
Fast growth kills businesses quicker than lack of growth,
They bite off more than they can chew and they choke to death.
The reason so many very successful founder have a ‘touch of the tism’ is because what makes you more successful as a child makes you less successful as an adult.
To win as a child you need to follow rules and get along with everyone to fit in.
To win as an adult you need to write your own rules, get along with few people, and differentiate.
So if you’re split between two paths: conventional wisdom and your own path - pick your own.
You’ll either be very right or very wrong.
But no one wins big following the herd.
🩸 HUGE WARNING:
🇺🇸 Warren Buffett says that we have never had people in a more gambling mood than now
He warns that the US dollar could collapse and admitted he doesn't understand most of the stock market anymore.
$380,000,000,000 in cash is his answer because he believes things are about to get MUCH worse.
95yo man who has survived every crash, every war, every crisis of the last six decades just told you the market is a casino...
The hardest (bootstrapped) revenue level is $1m to $3m in revenue. Main reason: assuming 25% margins, you have $250k to $750k in profit. Typically you need higher value teammates to scale. And they cost...$250k-$750k. So you have to bet everything on an unsure thing. 3 Alternatives: 1) Narrow avatar to more valuable customers, so you can make more money with same infra. 2) Make a better offer you can charge more money for 3) Raise prices. But no matter which path you choose, it takes more risk to get out of "the swamp' than it take to get into it (which is why most get in, and never break out).
Whatever you do, don’t be the guy who gives up at the exact moment when you should be fighting with everything you have.
You’ll make it through either way, but there’s only one way you’ll look back and be proud of yourself.
Things experts are afraid to tell you:
-History’s villains are often the heroes
-Money is a man’s makeup
-Genetics matter
-Cities harm your mental health
-Wealth takes decades
-World’s cruel to overly shy men
-You should double your protein
-The right city doubles odds you win
-Men are extremely emotional too
-Recessions are where you get rich
-You aren’t walking remotely enough
there is no version of a meaningful life that doesn’t involve being misunderstood by people you respect. if everyone around you is comfortable with your direction you’re walking someone else’s path.
I had learned, from years of experience with men, that when a man really desires a thing so deeply that he is willing to stake his entire future on a single turn of the wheel in order to get it, he is sure to win.
ELON MUSK: “If you're a normal human being and you speak freely, there are times when you will say things that you subsequently regret or are foolish, of course!
But if you're constantly going through a filter, now you're not being real. So I think it's better to be real than to go through a filter”
I know rich men who are miserable. I know middle class men who are happy. I also know the vice versa.
The unhappy ones are the one who chose their life based around money. Whether out of pursuing excess of it or making enough to just get by.
People that work jobs they hate are JUST as controlled by money as a person driven by endless greed.
The happy ones are the ones who found their passion in work regardless of the $$ amount.
Don't get me wrong. More $$ is better than less $$.
But it won't replace the real point. A man needs a purpose.
The happiest men work for purpose. Kobe would of played ball for minimum wage and would have lived a perfectly happy fulfilled life
If you find that purpose and a way to make rent. You've won. The end. You've won. You've won hard.