Dajia Picks

The opportunity cost of a thing is what you must give up to obtain it.

The only two strategies that work in this world are either to grind relentlessly or not to do it at all. If you're going to do something, you have to aim for the top. The first-place winner takes the lion's share of the rewards; the second place gets leftovers; the third place gets to lick the plate; and everyone else ends up empty-handed, just along for the ride.

If you're not willing to grind hard and push your way to the top, then don't bother doing it at all.

When a card is played, the most important question is about balancing expectations across different areas.

If we could win by dropping quality control, it would only mean the market doesn’t need quality control — or that consumers care only about price.

Very few people have the temperament to commit to long-term planning — to endure long stretches with no feedback.