• set strategy • set culture • delegate • incentivize “Build a system and make yourself a human router.” Stress comes from failure to build the right system. -Andrew Wilkinson Continue reading CEOs Should Do Nothing Stop performing company duties. Real CEO jobs…
” TLDR: There isn’t really any sort of conspiracy going on between RH and Citadel, and what you see circling on social media is simply misinformation. This is due to the fact that barely anyone understands what goes on behind the scenes when a trade executes, and i think a lot of people are attributing this to malice when all it boils down to is incompetence. Now when you click buy or sell on your screen, although it seems instantaneous, trades actually take 2 business days to settle. 100 years ago, when people traded, they would would go to the … Continue reading GME, Reddit, Robinhood & Citadel – what happened exactly?
Of course, there is nothing wrong with robust debate, either with others or oneself. What is undesirable, however, is the pretense that any such debate can resolve the risks involved in advance. It cannot. All debate can do is clarify, support or contest the next step. The risks remain, however much talking is done. -How to get rich, p.31 Continue reading A committee is a cul-de-sac in which ideas are lured and quietly strangled
In most cases, statistics can be unbuilt to show that they are pointless. Don’t let statisitics tell you what is possible and what isn’t. -How to get rich, p.23 Continue reading Lies, damned lies and statistics
Wealth Measured by Cash-in-hand or Quickly Realizable Assets $100,000-$400,000 The comfortable poor $400,000-$1,000,000 The comfortable off $1,000,000-$2 million The comfortably wealthy $2 million-$10 million The lesser rich $10 million-$30 million The comfortably rich $30 million-$70 million The rich $70 million-$100 million The seriously rich $100 million-$200 million The truly rich Over $200 million The filthy rich and the super rich Wealth measured by Total Assets $2 million-$4 million The comfortable poor $4 million-$10 million The comfortable off $10 million-$30 million The comfortably wealthy $30 million-$80 million The lesser rich $80 million-$150 million The comfortably rich $150 million-$200 million The rich … Continue reading How rich?
Not in all cases, but in too many for it to be a coincidence. -How to get rich, p.xx Continue reading There is a confidence that radiates from firstborn sons or daughters.
-How to get rich, preface Continue reading If it flies, floats, or fornicate, always rent it – it’s cheaper in the long run.
Many of the practices and structures within the company need to adapt, too, including, in this case, how the board rewards our executives. -The Ride of a Lifetime, p.196 Continue reading When you innovate, everything needs to change, not just the way you make or deliver a product.
-The Ride of a Lifetime, p.192 Continue reading Don’t lay out problems without offering a plan for addressing them.
Roadmap to Billions 