Wealth: What Does It Really Mean?
It is essentially one person's dominion over another, also known as the occupation of time.
Being wealthy, at its core, ultimately means having the power to command others.
It is essentially one person's dominion over another, also known as the occupation of time.
Being wealthy, at its core, ultimately means having the power to command others.
It’s precisely because everyone has self-interest and flaws that negotiation, compromise, cooperation, and stumbling along together in mutual support are possible.
It’s not capital that matters anymore—it’s you. Because while capital is everywhere, the person who knows how to deploy it is scarce.
The same money, if managed by Buffett, becomes an artist at work; if you manage it, you’re just a financial consumer.
Hard work isn't worthless because it's unimportant—precisely the opposite. We take it for granted that you have it.
You don't know when opportunity will arrive, so first you need to be capable. Once you are, there's only the long wait and the inner turmoil.
What's wrong with washing up and drifting through life? Numbness means that's exactly what you want.
Good investors play an infinite game with no clear endpoint; bad investors play a finite game with rigid milestones, forcing their portfolio companies to follow a set playbook that goes against the wild, organic growth inherent in startups. This harms both the entrepreneur and the investor. The key takeaway is to avoid disrupting that wild growth.