What Business Owners Care About Most? Two Key Factors: Low-Cost Iteration and Fast Iteration
The lower the cost of trial and error, the faster the iteration frequency, and the easier it is for you to discover a v…
Private capital operates on just two logics: either Buffett or Cathie Wood.
Buffett's approach is to back whoever has the strongest cash cow; Cathie Wood's is to back whoever's most likely to win.
Start higher, run faster, earn more.
If you earn $5,000 a month and your essential expenses are $4,000, your net surplus is $1,000. If you earn $10,000 a month with the same $4,000 in essential expenses, your net surplus jumps to $6,000.
Even though your salary only doubled, your surplus increased sixfold.
Do you see it? Is starting at a higher level only a little better?