They run on a different type of fuel.
Category Archive: Nuggets
Meditations by Marcus Aurelius is one of the greatest original books ever written. It was also never intended to be read by anyone other than Marcus himself.
“I don’t have time” is a euphemism for “I have other priorities.”
CEOs have ridiculous pay and get a lot of praise. Most of us know that they run the company, but do we actually understand what they do and what value they bring?
Consumers may not use money directly when they receive something for free, but they pay indirectly in ways that benefit the company.
It depends how you participate. Speculation is zero-sum, but investing is not. The difference is that a person speculating attempts to profit by outsmarting others while investors own parts of profitable companies long-term.
If you earned a salary of $2 million every week from the day Jesus was born until today, you would almost have as much money as Jeff Bezos.
“If I only had an hour to chop down a tree, I would spend the first 45 minutes sharpening my axe.” Abraham Lincoln
We’re often keen on hiding our business idea, but forget that ideas are worthless until they are acted upon. An idea is simply a multiplier to your execution.
No matter the situation, people always operate on incentives. In business settings, you want to understand what everyone’s incentives are to be fool-proof.
Economic Motivation 