TLDR: Play games worth winning, especially when you see what others don’t
Another Sunday night plane, another Monday Morning Meeting.
For some reason, I often find myself explaining why I do what I do.
Maybe that’s because not everyone sees what I see.
For me, it’s about two things; playing games worth winning and a set of core beliefs.
But I might even call them fundamental truths…
Value creation requires leverage and there are three forms of leverage: human capital, financial capital, and technological capital. Birth rates are declining, interest rates are rising, but innovation is accelerating. Which form of leverage would you bet on?
Indexing innovation to beat inflation is a winning strategy. “I don’t understand kids these days” has always outperformed “the way things used to be,” just look at the Bessemer Cloud Index
Pattern recognition and math outperform ego. Betting on exceptionally talented people at pre-everything valuations is the best of both and the closest equivalent to systematic alpha
Creating value for others is a higher form of reaching one’s potential
Culture (and execution) eats strategy (and ideas) for breakfast
Creativity, intelligence, and optimism are precursors of greatness
Self-reliance and regret minimization are close cousins
Compound returns in any form require the compounding of time
Luck is equal to specific knowledge times its surface area
There is more to understand, a discovery to be made, a reason for being, and the universe conspires to help you see it
Not an exhaustive list, but just a few things I hold to be true and a collective reasoning for why I do what I do.
See you Monday.
My main takeaways
1. Culture (and execution) eats strategy (and ideas) for breakfast.
2. Creativity, intelligence and optimism are precursors of greatness.
This was an inspiring and informative read! Thanks for sharing Jeff!