All error springs from flawed assumptions. If there are no assumptions, there can be no error.
While it may not look like it to you, there is simply too much money in the world; too much capital seeking too few investment opportunities.
Suspicion always haunts the guilty mind; The thief doth fear each bush an officer
Shakespeare, How to get rich, p.72 Continue reading Suspicion always haunts the guilty mind; The thief doth fear each bush an officer
If you never have a single great idea in your life, but become skilled in executing the great ideas of others, you can succeed beyond your wildest dreams.
The power of a great idea, product
If a man write a better book, preach a better sermon, or make a better mouse-trap than his neighbor, tho’ he build his house in the woods, the world will make a beaten path to his door. -Ralph Waldo Emerson, How to get rich, p.69 Continue reading The power of a great idea, product
The error of failing to emulate a winning idea pervades every industry at all levels.
The results can be catastrophic. Even though there’s a psychological barrier to do so, stealing ideas from competitors is necessary. e.g In the late 80s-90s, Future publishing, a competitor to Dennis Publishing in the UK, started to put a playable electronic game with each magazine. Felix Dennis had no interest in paying huge fees to Sony or Sega to include their games with Dennis’s magazine. And so the team at Dennis did the Ostrich and kept their traditional way of doing things in the video games magazines. Future publishing started to get traction and sell more than Dennis in the … Continue reading The error of failing to emulate a winning idea pervades every industry at all levels.
Having a great idea is simply not enough
The eventual goal is vastly more imp-ortant than any idea. It is how ideas are implemented that counts in the long run. How to get rich, p.61 Continue reading Having a great idea is simply not enough
The harder I practiced, the luckier I got
-How to get rich, Gary Player, p.57 Continue reading The harder I practiced, the luckier I got
Stop Hiring Execs for Potential
Don’t overcomplicate hiring. (1) Hire someone who has done the exact task you need completed (2) Make sure they fit with the team Rinse and repeat. -Andrew Wilkinson Continue reading Stop Hiring Execs for Potential