From 600+ conversations with the world’s leading thinkers.
At Axiom we've raised $64 million—we're a small startup—and we recently won the Putnam competition. We scored 90 out of 120, which would have placed us above all ~4,000 human contestants last year and at the level of a Putnam Fellow, meaning top five in the world. If you tried to achieve that purely through informal methods—where hallucination is a persistent risk—getting to the same level of consistent correctness would likely require a lot more resources.
Understanding truly why a failure occurred and making peace with it is the first step to being able to move-forward- it allows you to identify where the gaps where in you and your enterprise, and hopefully will give you insights into where you need more support, education and attention.
Men are cheaper than shingles.
We will not employ capital unless we can find an opportunity that has a minimum of 50% upside to our intrinsic value over the term of our investment.
To me, a great leader should be empathetic, authentic, entrepreneurial, creative, ethical and lead from the front.
The point of maximum pessimism is the ultimate time to buy a stock because at this point, all the sellers are gone… and only buyers remain. How do you determine this point? Even Uncle John said it's impossible…. You never know until it has passed!
Status hierarchies help us navigate choices which would otherwise be impossibly complex. It dramatically reduces the cognitive load we face in making decisions.
Research shows that empowering women to gain financial independence generates lasting impact, with women typically investing 90% of their income back into their families. In addition to this, McKinsey estimates that if women and men were to play an identical role in labour markets across the world, an extra $28 trillion would be added to the global economy by 2025.
Until now, we had an insolvency problem – but we didn't have a liquidity problem that could trigger that insolvency because interest rates were so low. Now they're rising, and the mother of all debt crises is going to occur.
For the iPad it's game over in terms of market-share… Apple has won! It's a preposterously cheap stock…
Your customers matter, they have the last word, they hold money in their pocket and will either fork it over… or not… A national stores manager should not be trying to control what stores do and instead say, their job should be to help each store do better.
Anti-goals are all about what you refuse to give up while chasing those goals. The trap a lot of people fall into is getting so laser-focused on the target that everything else just fades away. You put on blinders.