The Invisible Giant: Group Catering
Earlier, I explained why Meituan and Douyin succeeded in the internet space—they focused on college students (a demogra…
The opportunity cost of a thing is what you must give up to obtain it.
How to Find a Quality College Partner
Remember to apply to universities in these cities — you're more likely to meet high-quality college students. Of course…
Opportunity Cost
Only when barriers to entry truly work do people genuinely invest in building them.
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.
Playing a single card hinges on balancing expectations across the board.
When a card is played, the most important question is about balancing expectations across different areas.
If Quality Control Was Optional, the Market Wouldnt Want It
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.
True smart people have a deep understanding of their goals and strong control over their time.
Very few people have the temperament to commit to long-term planning — to endure long stretches with no feedback.
Play the Market: Squeeze Output, Boost Valuation, Cash Out or Clock Out
You tell your boss how to build a company for the long haul, and he tells you he can mortgage the next hundred years of…