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great excerpt from Buffett/Munger that doesn't get enough airtime "A very important principle in investing is that you don't have to make it back the way you lost it. In fact, it's usually a MISTAKE to try and make it back the way you lost it." (1995 BRK)

15,832 просмотров • 5 месяцев назад •via X (Twitter)

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Joe Rogan on President Trump’s executive order to reschedule cannabis: “It's schedule 3. It’s a great step in the right direction. I'm very happy that the President did that. It really should be regulated the same way alcohol is. It should be for adult use, 21 and older. There’s the alcohol lobby that doesn't want it legal because it cuts down on alcohol sales and I know they lobby to try to make sure those laws stay in place. And then, unfortunately, you have prison guard unions that lobby for it, which is fucked. Right? They wanna keep their job. And so the way they keep their job is to keep people locked up and the way the way they keep people locked up is keep laws that don't make sense. Like That's fucked up. That’s evil. It just doesn't make any sense. It should be a personal choice. No adult should be able to tell you what you can and can't do and be able to lock you up in a fucking cage if you don't listen. That's nuts. And in a free country, in this country as free as it gets in this world, there's no way weed should be illegal. It should be regulated and it should be only for people that are adults. You have to be 21 to be able to buy. If it was legal and regulated, first of all, we'd get taxes from it and that would be huge for every state. You'd get a a ton of tax money that you're not getting right now. And also, you would keep people from getting locked up for their own personal choices, which is just insane.” -Joe Rogan

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11,315 просмотров • 2 месяцев назад

To be a successful founder, you have to believe that what you're working on is going to work — despite knowing it probably won't! That sounds like an oxymoron, but it's really not. Believing that what you're building is going to work is an essential component of coming to work with the energy, fortitude, and determination it's going to require to even have a shot. Knowing it probably won't is accepting the odds of that shot. It's simply the reality that most things in business don't work out. At least not in the long run. Most businesses fail. If not right away, then eventually. Yet the world economy is full of entrepreneurs who try anyway. Not because they don't know the odds, but because they've chosen to believe they're special. The best way to balance these opposing points — the conviction that you'll make it work, the knowledge that it probably won't — is to do all your work in a manner that'll make you proud either way. If it doesn't work, you still made something you wouldn't be ashamed to put your name on. And if it does work, you'll beam with pride from making it on the basis of something solid. The deep regret from trying and failing only truly hits when you look in the mirror and see Dostoevsky staring back at you with this punch to the gut: "Your worst sin is that you have destroyed and betrayed yourself for nothing." Oof. Believe it's going to work. Build it in a way that makes you proud to sign it. Base your worth on a human on something greater than a business outcome.

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96,462 просмотров • 1 год назад