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Tag: Business

Ray Dalio on Approximations and Effective Decision Making

[…] For me, getting an accurate picture of reality ultimately comes down to two things: being able to synthesize accurately and knowing how to navigate levels.…Every day you are faced with an infinite number of…

Continue reading ➞ Ray Dalio on Approximations and Effective Decision Making

Dave Hitz on Speckled-Egg Thinking; or How Leaders Should Help Their People

[…] An article about cliff-dwelling seagulls and the challenges they face helped shape my view of human nature. Small rocks are always falling down the cliffs and landing in the birds’ nests. That’s bad, because…

Continue reading ➞ Dave Hitz on Speckled-Egg Thinking; or How Leaders Should Help Their People

Charlie Munger on Avoiding Tough Things

[…] There are things that we stay away from. We’re like the man who said he had three baskets on his desk: in, out and too tough. We have such baskets – mental baskets –…

Continue reading ➞ Charlie Munger on Avoiding Tough Things

Jeff Bezos Answers the Question Whether Amazon Is Going To Fail

[…] In early 1997, Jeff Bezos flew to Boston to give a presentation at the Harvard Business School. He spoke to a class taking a course called Managing the Marketspace, and afterward the graduate students…

Continue reading ➞ Jeff Bezos Answers the Question Whether Amazon Is Going To Fail

Barry Diller on The Importance of Unlearning

[…] HOFFMAN: So how did you apply your blank page, your process, to the starting of your Internet businesses?DILLER: The first one is always the first, and then since I’m always up for anything, I…

Continue reading ➞ Barry Diller on The Importance of Unlearning

Ed Catmull on the Importance of a Team

[…] The takeaway here is worth repeating: Getting the team right is the necessary precursor to getting the ideas right. It is easy to say you want talented people, and you do, but the way…

Continue reading ➞ Ed Catmull on the Importance of a Team

Warren Buffet and Charlie Munger on Knowing Your Limitations

Warren Buffet says: […] You have to stick within what I call your circle of competence. You have to know what you understand and what you don’t understand. It’s not terribly important how big the…

Continue reading ➞ Warren Buffet and Charlie Munger on Knowing Your Limitations

Richard Rumelt on the Source of Bad Strategy

[…] A strategy is a way through a difficulty, an approach to overcoming an obstacle, a response to a challenge. If the challenge is not defined, it is difficult or impossible to assess the quality…

Continue reading ➞ Richard Rumelt on the Source of Bad Strategy

Peter Thiel on Whom you Should Work With

[…] Why work with a group of people who don’t even like each other? Many seem to think it’s a sacrifice necessary for making money. But taking a merely professional view of the workplace, in…

Continue reading ➞ Peter Thiel on Whom you Should Work With

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