“ Great industries are never made from single companies. There is room in space for a lot of winners. ”
I wanted a woman who could get me out of a Third World prison. Life's too short to hang out with people who aren't resourceful.
~ Jeff Bezos
Position yourself with something that captures your curiosity, something that you're missionary about.
The missionary is building the product and building the service because they love the customer, because they love the product, because they love the service. The mercenary is building the product or service so that they can flip the company and make money.
If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people… Just by lengthening the time horizon, you can engage in endeavors that you could never otherwise pursue