Never use a credit card for credit

“Never use a credit card for credit. The only kind of credit, or debt, that is acceptable is debt to acquire something whose exchange value is extremely likely to increase, like in a home. The exchange value of most things diminishes or vanishes the moment you purchase them. Don’t be in debt to losers.”

credit card

Via the great Kevin Kelly https://kk.org/thetechnium/68-bits-of-unsolicited-advice/

 

Crisis Means a New Business Era

“Finally, I asked the man himself, Rod Berens, whom he’d high-five today. He says that the past 30 year’s tech abundance means the developing world’s billions will finally see productivity improvements and attract an increasing share of investment. That’s probably right.”

Via Andy Kessler https://www.wsj.com/articles/crisis-means-a-new-business-era-11584313927

EmergingMarkets

Don’t be afraid of the worst case scenario

“When you are young spend at least 6 months to one year living as poor as you can, owning as little as you possibly can, eating beans and rice in a tiny room or tent, to experience what your “worst” lifestyle might be. That way any time you have to risk something in the future you won’t be afraid of the worst case scenario.”

Via the great Kevin Kelly https://kk.org/thetechnium/68-bits-of-unsolicited-advice/

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Speak like you’re right and listen like you’re wrong

How can you be narcissistic and humble at the same time? The two qualities sound like opposites, but they can go hand in hand. Narcissists believe they’re special and superior; humble leaders know they’re fallible and flawed. Humble narcissists bring the best of both worlds: they have bold visions, but they’re also willing to acknowledge their weaknesses and learn from their mistakes.

Via https://getpocket.com/explore/item/tapping-into-the-power-of-humble-narcissismhumble narcissism

How to Attract and Retain Real Entrepreneurial Talent

“23% of startups fail because of team. How do you think the numbers would compare for corporate innovation initiatives?

In corporate innovation we put a huge amount of emphasis on assessing “ideas”: how much should we invest? How fast can they scale? What’s the best go to market approach?

But how are we systematically assessing, recruiting and keeping the best team incentivised? Can we find the talent we need inhouse? How do we outsource it when we can’t? Maybe most importantly, are these the questions corporate HR is really set up to answer?”

Short answer: you need completely different processes and rewardstalent

Via How to Attract and Retain Real Entrepreneurial Talent https://www.eventbrite.com/e/how-to-attract-and-retain-real-entrepreneurial-talent-tickets-84134818507

 

How To Keep Your Company Alive – Observe, Orient, Decide and Act

“Survival = (speed of your understanding of the situation) x (the magnitude of the pivots/cuts/lifeboat choices you make) x (the speed of your time to make those changes)”

Via Steve Blank https://steveblank.com/2020/04/01/the-ceo-playbook-for-keeping-your-company-alive/

OODA Loop