0xCheshire

"Your time is limited, so don't waste it living someone else's life."
— Steve Jobs

Buffett: "The way we run Berkshire is not something you learn in business school. In business school, they tell you to sell off the underperforming businesses and keep buying new ones. I call this approach 'drawing card management.'"
"If I have 50 children and one of them doesn't perform as well as the others, I wouldn't just send him away to be adopted by someone else."

Warren Buffett's Q&A at the University of Florida in 1998 is a classic for a reason.
The market will change, but the principles of value investing remain unchanged.
If you only watch one Buffett speech this year, make it this one.

Naval Ravikant: "The Future Will Almost Entirely Be Composed of Startups"
"I firmly believe that the most efficient scale for companies is shrinking very rapidly, so the future will almost entirely be made up of startups."
In the following excerpt from a 2012 interview, Naval speculates that information technology will reverse the centralization power brought about by economies of scale after the Industrial Revolution.
"I think the trend toward contract work will become stronger, and I also believe that the average size of an ordinary company will get smaller and smaller. I believe we will see

"Most older, successful people will tell you that the best time of their lives was when they lived fearlessly and according to their own way."
— Naval Ravikant

When artificial intelligence deletes all your company's software.