It is common sense that entrepreneurs need to create something from nothing (Zero to One). What about established businesses? Have they really found a business model with indefinite shelf life? There's a saying among special forces: "Selection is a never ending process.". Nokia, Toys'r Us, BlockBuster and Kodak are just some of the companies that serve as a reminder that being selected once doesn't mean you can sleep on your laurels. [...]
To properly test a business idea, practically every start-up book recommends setting up a landing page, funnelling traffic to it and testing whether the idea (main value proposition) will gain traction, measured by number of subscriptions. The main problem that I have with this approach is that unless you're selling a very simple product/ solution, a simple and cheap landing page won't cut it. You will have to spend substantial time [...]
First, to give credit where credit's due, this idea behind this post is my sister's. Many people struggle with (day)dreaming and lack of motivation (procrastination). As you probably know, we dream between 6 and 9 hours every day. What you might have not known is that we spend about 47% of our waking ours daydreaming - imagining our self appearing in some fantasy scenario, having skills, strengths or lifestyle that is [...]
Author: Naval Ravikant, Eric Jorgenson and Jack Butcher ASIN: B08FF8MTM6 Naval is one of my favorite thinkers. This book is a collection of his thoughts from various media (podcasts, interviews, articles etc.) up until September 2020. What a great read! EXCERPTS [Note that I've skipped the first part of the book, because it's content was already summarized by the book "HOW TO GET RICH: (without getting lucky)". If you like [...]
Author: Nassim Nicholas Taleb ASIN: B077QY23RV I tried reading Taleb a few years ago but I just couldn't stomach his writing style. In comparison to other books it lacks explanations and citations, which at the time lead me to believe that Taleb is just another macro-bullshitter. I decided to plough through this time due to many recommendations. I quickly found out that my macro-BS impression was wrong. He was spot [...]
Just because you can do something well, it doesn't mean you should (the difference between efficiency vs. effectiveness!). Doing something long doesn't make it important. Doing something long doesn't make you an expert. Number of different iterations does.
Author: Naval Ravikant and Babak Nivi ASIN: B086BGN5LF The book is a basically a transcript of Naval Ravikant's podcasts on his "getting rich" tweetstorm. Great crumbs of wisdom. However, instead of reading this book, read "the Almanack of Naval Ravikant" (I've prepared a book summary as well). EXCERPTS Seek Wealth, Not Money or Status Wealth is assets that earn while you sleep The reason you want wealth is because it [...]
Some short takeaways from the book Thinking in bets by Annie Duke: Would your belief in something stand up to the question, “Wanna bet?” If you had to gamble significant money on that belief, would you still feel 100% about it? Or maybe more honestly 60%? When a decision doesn’t work out, don't treat that result as if it were an inevitable consequence rather than a probabilistic one. Don't focus only [...]
Though I sometimes like to think I am self-made, the truth is, I would have never made it this far without these individuals: Parents (obviously): They never doubted in my abilities and always compared me to the best in the field. They demanded the highest levels of work ethic and persistence. Though we were well off, I have yet to meet a person that was brought up in more frugal conditions. [...]
I was talking to a friend, explaining how I was persuading a person to do something that will be in my interest. My friend replied: So you manipulated that person? At the time I didn't know how to reply. I knew that didn't have the slightest feeling of doing something wrong when I was trying to persuade the other person. Still, I was somehow uneasy with the possibility that I was manipulating [...]