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“Learning is a treasure that will follow its owner everywhere.”
A beautiful explanation of the stock market one should watch this who wants to understand the stock market.
A basic and beautiful definition of the economic cycle by Ray Dalio.
A must-watch for anyone who wants to understand about basics of economics and how the economy works.
Key takeaways of the podcast,
– It’s okay to spend time to sharpen your axe before you cut the tree. It’s good to learn different skills, figure out whom you’d want to work with, familiarize yourself to the industry, before making the decision to start up.
– Timing matters, but you have to do all the hard work to reap the rewards when luck arrives.
– Raising funds shouldn’t be the end goal, it can be a possible way to fuel your business, but serving capital comes with its own downside.
– What’s the benefit of bootstrapped? You have autonomy and freedom. You can be nimble , transparent, and play the long term game because you don’t have to pay interest/returns to your financers (because customers are your only financers)
– The First 10k customers are hardest to get.
– Anything that doesn’t benefit the customer is just short term thinking.
– Metrics can sometimes distract you, so choose your metrics very carefully.
– There’s a thin line in being known as passionate or foolish.