Masayoshi Son + Rational Thinking
Understanding Masa Son’s Rationality
This is my favorite quote from this article. Sometimes you have to change or pivot your strategy as Masa did.
“Home runs” like Yahoo and Alibaba used to work for the organizational structure of Softbank. So Masa rationally wanted to try to hit more “home runs”. After failing and losing billions of dollars in the process, he is adjusting his game to go for base hits. If you hit enough of them, base hits can generate just as many NAV points for Softbank’s organizational structure (à la Moneyball), just less dramatically.”
Think base hits, not home runs. Like Charlie Munger says, “The first rule of a happy life is low expectations. If you have unrealistic expectations you’re going to be miserable your whole life. You want to have reasonable expectations and take life’s results good and bad as they happen with a certain amount of stoicism.”
Focus on flow, not goals.
No Goals, No Resolutions, No Fucking KPIs
These were my top notes on this blog post by Ayush.
- These are the side effects of corporate slavery
- The brain isn’t optimized to go after goals.
- Focused on what they will hunt the next morning
- Lived in the moment.
- We feel the most joy when we are in the flow
- Don’t live in the past or the future.
- A project you are intrinsically motivated to work on will give you the energy to do more than you could have ever planned in a spreadsheet.
- Go after my intrinsic motivation, do work that inspires and energizes me.
- Motivation can last a lifetime, while random goals will be meaningless in a year.
Don’t Gamble, Idiot.
Charlie Munger: Be Patient and Don’t Gamble
“the average bull market has previously lasted for around three years and delivered a gain of approximately 110%. Although the current bull market is behind on both of those figures, the fact there have been 26 bear markets since 1928 shows that patient investors who are prepared to wait for better buying opportunities are very likely to be rewarded many times over during their lifetime.”
Who is Mushfiq (Buy, Fix, Grow, Flip, and Next)?
How A College Student Built A 6-Figure Business Flipping Websites
The 4-part process (in order) is:
- Finding good potential websites to buy
- Buying the website at a good price
- Rapidly improving traffic, rankings, and earnings for the site
- Selling the website (completing the flip)
Mushfiq has great case studies, articles, and more.
Communicate Effectively
High resolution, empathic writing is first-order negative, second-order positive
First-order negative — You will have to spend more energy to make your writing easy to follow. You will have to grapple with your own confusion and holes in your understanding. You will have to figure out what the appropriate density for your writing is.
It’s not about you, though.. It’s about them.
Low Risk + High Returns
How To Make High Returns With Low Risk?- Mohnish Pabrai
Heads I win, tails I don’t lose much.