The Business Logic Every Capitalist Understands
CategoryReading Notes
As soon as you identify a strong project, you pull capital away from the weak ones and dump resources into the good one.
Not the other way around—divesting from the strong project to throw money at a bunch of losers.
This applies to investing, and to people too.
The most misguided aspect of a poor mindset is waiting, relying on others, and asking for handouts.
But real life is: you can’t wait for it to come to you, you can’t rely on anyone else, and you can’t afford to just ask.
Buy the expectation, sell the reality.
People never care about how much you’ve already given them; they only care about how much more you can give them. That’s why they buy the prediction and sell the truth—that’s why they flatter the prospect and betray the facts.