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In 2023, Harvard hosted Michael Skok's 87-min masterclass on building products customers actually buy. 2.9M people have watched it. His frameworks: - ideas are two cents - the 4 U problem test - the minimum viable segment 12 lessons:

andrew engler

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50,617 views • 2 months ago •via X (Twitter)

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In 2023, Michael Skok literally gave a 1-hour+ masterclass at Harvard on how to create a product people will actually buy. His frameworks: • The 4 U's of valuable problems • The 3 D's of breakthroughs • The gain/pain ratio 15 lessons on building products that sell:

In 2023, Michael Skok literally gave a 1-hour+ masterclass at Harvard on how to create a product people will actually buy. His frameworks: • The 4 U's of valuable problems • The 3 D's of breakthroughs • The gain/pain ratio 15 lessons on building products that sell:

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In 2013, entrepreneur and Harvard i-lab mentor Michael Skok gave a 125-min masterclass on turning products into companies. 3.0M views. His frameworks: - The Product Company Gap - Spark plug vs. car - Free trial vs. free fall 12 lessons:

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In 2017, Harvard professor Michael Porter gave a 72-minute masterclass on why most companies fail at strategy. His frameworks: - "There is no best company" - The IKEA test he hated every minute of - Why happy customers mean you're in trouble 12 lessons on strategy:

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In 1998, Warren Buffett gave a 1-hour masterclass on how to never lose money investing. His frameworks: • The 10% ownership test • Castle & moat thinking • Circle of competence • Why smart people go broke 12 timeless lessons from his masterclass: 1. The 10% ownership test

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In 2013, Nassim Taleb gave a 53-min Stanford masterclass on why chaos makes some businesses stronger. His ideas: - The coffee cup that survives 4 million hits - Why helicopter engineers ride their own machines - The country where nobody knows the president 12 lessons on risk:

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andrew engler

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Video 1: Today, in front of Jiangxi Bank in China, investors protest. Video 2 and 3: On June 29, people gathered in front of Jiangxi Bank, and shouted "Return my Money". Video 4: On July 4, the authorities said that "a few people gathered in front the headquarters of Jiangxi Banks and spread false information. The public security organs have intervened in the investigation." It is said that this is because that Jiangxi Bank's financial products have defaulted, involving more than 2,200 investors with a total amount of about several billion yuan. The customers are mainly local residents of Nanchang.

Video 1: Today, in front of Jiangxi Bank in China, investors protest. Video 2 and 3: On June 29, people gathered in front of Jiangxi Bank, and shouted "Return my Money". Video 4: On July 4, the authorities said that "a few people gathered in front the headquarters of Jiangxi Banks and spread false information. The public security organs have intervened in the investigation." It is said that this is because that Jiangxi Bank's financial products have defaulted, involving more than 2,200 investors with a total amount of about several billion yuan. The customers are mainly local residents of Nanchang.

Inconvenient Truths by Jennifer Zeng

226,639 views • 2 years ago

JD Vance confirms Marco Rubio’s findings. Only 12 cents of every dollar sent away as foreign aid is actually spent on what it’s supposed to be spent on The rest is laundered by NGOs and their “subcontractors” JD Vance “So we send $100,000 to this group to buy food for poor kids in Africa. Okay, and what actually happens is it's not $100,000 that go to the food for the Poor Kids in Africa. The NGO, the non government organization that gets that money, contracts it out to somebody else, and then they subcontract it. So there’s like three or four middlemen. Marco Rubio, who's the secretary of State, he's a very good friend. What he told me is that his best estimate, after he had his team look at it, is that 88 cents of every dollar was actually being collected by middlemen. So every dollar we were spending, humanitarian assistance, 12 cents, was actually making it to people who needed it. That's crazy. So there's a lot of waste, man”

JD Vance confirms Marco Rubio’s findings. Only 12 cents of every dollar sent away as foreign aid is actually spent on what it’s supposed to be spent on The rest is laundered by NGOs and their “subcontractors” JD Vance “So we send $100,000 to this group to buy food for poor kids in Africa. Okay, and what actually happens is it's not $100,000 that go to the food for the Poor Kids in Africa. The NGO, the non government organization that gets that money, contracts it out to somebody else, and then they subcontract it. So there’s like three or four middlemen. Marco Rubio, who's the secretary of State, he's a very good friend. What he told me is that his best estimate, after he had his team look at it, is that 88 cents of every dollar was actually being collected by middlemen. So every dollar we were spending, humanitarian assistance, 12 cents, was actually making it to people who needed it. That's crazy. So there's a lot of waste, man”

Wall Street Apes

1,522,708 views • 1 year ago

I don't understand what people don't understand about Notre Dame's ranking. I'm so glad Joel Klatt actually gets it. Two losses to two Top 4 teams by 4 total points and have blown out 4 straight teams. Including an Arkansas team that pushed Ole Miss & Tennessee. Both Teams who are ranked ahead of us. Just feels people are too damn stuck on looking at the number 2 in our loss column. 🎥:(The Joel Klatt Show: A College Football on FOX Pod)

I don't understand what people don't understand about Notre Dame's ranking. I'm so glad Joel Klatt actually gets it. Two losses to two Top 4 teams by 4 total points and have blown out 4 straight teams. Including an Arkansas team that pushed Ole Miss & Tennessee. Both Teams who are ranked ahead of us. Just feels people are too damn stuck on looking at the number 2 in our loss column. 🎥:(The Joel Klatt Show: A College Football on FOX Pod)

Ryan Fravel

29,459 views • 9 months ago

Howard Marks has one mantra at the core of his investing thesis: Don't sell your compounders. He walked through the Amazon example. Stock peaked at $90 in 1999 during the tech bubble but then crashed to $6 in 2001. Down 93%. If you were smart enough to buy at $6, would you have sold at $12 after doubling? Most people would. What if you held to $60, up 10x? Most people would sell there. What if you made it to $600, up 100x? Almost everyone sells at that point. Here's the problem: Amazon eventually hit $3,300. If you sold at $600, thinking you'd nailed a 100x return, you left 85% of the total gain on the table. 85%. Marks' point: the natural inclination to sell when things are up is one of the most expensive instincts in investing. Buffett says he made all his money on 12 ideas across 70 years of investing. Charlie Munger said he made all of his money on just 4 ideas. Think about what that means. Great ideas are genuinely scarce. Real compounders, businesses that can keep growing for decades, are rare. When you have one, the job is not to optimize the exit. The job is to hold it. The big mistake isn't buying too early. It isn't buying at the wrong price. The big mistake is getting off too soon.

Howard Marks has one mantra at the core of his investing thesis: Don't sell your compounders. He walked through the Amazon example. Stock peaked at $90 in 1999 during the tech bubble but then crashed to $6 in 2001. Down 93%. If you were smart enough to buy at $6, would you have sold at $12 after doubling? Most people would. What if you held to $60, up 10x? Most people would sell there. What if you made it to $600, up 100x? Almost everyone sells at that point. Here's the problem: Amazon eventually hit $3,300. If you sold at $600, thinking you'd nailed a 100x return, you left 85% of the total gain on the table. 85%. Marks' point: the natural inclination to sell when things are up is one of the most expensive instincts in investing. Buffett says he made all his money on 12 ideas across 70 years of investing. Charlie Munger said he made all of his money on just 4 ideas. Think about what that means. Great ideas are genuinely scarce. Real compounders, businesses that can keep growing for decades, are rare. When you have one, the job is not to optimize the exit. The job is to hold it. The big mistake isn't buying too early. It isn't buying at the wrong price. The big mistake is getting off too soon.

Milk Road Macro

22,141 views • 1 month ago

Jim Simons agreed to do exactly one long-form interview about his life in math, codebreaking for the NSA, and building Renaissance Technologies. The Simons Foundation filmed it and dumped it on their website behind a Vimeo player nobody could find. Two hours and 40 minutes. Someone reuploaded it to YouTube on a channel with 483 subscribers. 749 people have watched it. The deepest Simons interview on the internet. And almost no one knows it exists. Bookmark it tonight. Then read the article below.

Jim Simons agreed to do exactly one long-form interview about his life in math, codebreaking for the NSA, and building Renaissance Technologies. The Simons Foundation filmed it and dumped it on their website behind a Vimeo player nobody could find. Two hours and 40 minutes. Someone reuploaded it to YouTube on a channel with 483 subscribers. 749 people have watched it. The deepest Simons interview on the internet. And almost no one knows it exists. Bookmark it tonight. Then read the article below.

zostaff

131,164 views • 2 months ago

Michael Seibel on how to get and test startup ideas As the former CEO of Y Combinator puts it in the clip below: “There’s a common misconception that your idea has to be great to start a company, and the first thing I want to do is destroy that misconception.” Michael was one of the cofounders of JustinTV, which later become Twitch and sold to Amazon for almost $1B. Their original idea was to create an online reality TV show—very different from where Twitch eventually ended up. Rather than falling for the trap of thinking that your initial startup idea has to be great, Michael advises founders to start with a problem: “Starting with ideas is tricky because people immediately want to grade your idea. It’s a lot easier to start with a problem and think about how you grade a problem.” Ideally the problem you set out to solve is one you've experienced personally or have some sort of connection to. You should ask yourself: “why am I uniquely qualified to work on this problem?” Is there some unique angle or approach you're taking to the problem that you understand but you don't believe others understand? Peter Thiel argues that “great companies have secrets: specific reasons for success that other people don’t see." After identifying a problem, you’ll want to start thinking about your MVP. What's the first solution you're going to build and release to see if you can help your initial users solve this problem? But don’t fall in love with your MVP. As Michael puts it: “A lot of people fall in love with their product and are not in love with their problem or their customer. I advise the opposite. Be in love with your problem. Be in love with your customer. And treat your product in a way that can change, develop, and improve.” And once you have an MVP, you should have a strong opinion about who your initial customer is and handpick all of your initial users. The goal with an MVP is not to see how many people want to use your product. It's to see if your solution actually solves the problem for your initial target customers. “The best startups very heavily filter the people who are able to use the initial product and make sure that they’re the right type of initial customer.”

Michael Seibel on how to get and test startup ideas As the former CEO of Y Combinator puts it in the clip below: “There’s a common misconception that your idea has to be great to start a company, and the first thing I want to do is destroy that misconception.” Michael was one of the cofounders of JustinTV, which later become Twitch and sold to Amazon for almost $1B. Their original idea was to create an online reality TV show—very different from where Twitch eventually ended up. Rather than falling for the trap of thinking that your initial startup idea has to be great, Michael advises founders to start with a problem: “Starting with ideas is tricky because people immediately want to grade your idea. It’s a lot easier to start with a problem and think about how you grade a problem.” Ideally the problem you set out to solve is one you've experienced personally or have some sort of connection to. You should ask yourself: “why am I uniquely qualified to work on this problem?” Is there some unique angle or approach you're taking to the problem that you understand but you don't believe others understand? Peter Thiel argues that “great companies have secrets: specific reasons for success that other people don’t see." After identifying a problem, you’ll want to start thinking about your MVP. What's the first solution you're going to build and release to see if you can help your initial users solve this problem? But don’t fall in love with your MVP. As Michael puts it: “A lot of people fall in love with their product and are not in love with their problem or their customer. I advise the opposite. Be in love with your problem. Be in love with your customer. And treat your product in a way that can change, develop, and improve.” And once you have an MVP, you should have a strong opinion about who your initial customer is and handpick all of your initial users. The goal with an MVP is not to see how many people want to use your product. It's to see if your solution actually solves the problem for your initial target customers. “The best startups very heavily filter the people who are able to use the initial product and make sure that they’re the right type of initial customer.”

Startup Archive

101,023 views • 2 years ago

HOWARD MARKS ON THE MOST EXPENSIVE LESSON OF SELLING TOO EARLY: "Amazon was $90 in 1999. When the tech bubble burst, it went to $6. It was down 93%." "What if you were smart enough to buy it at $6? Would you have held to $12? What about $60? You've made 10 times your money, would you sell?" "What about when it got to $600? You made 100 times your money. Most people would sell." "At the time I wrote it, Amazon was $3,300. If you sold at $600, you left 85% of the money on the table." "Buffett says he made all his money on 12 ideas. Charlie Munger said he made all his money on 4. The big mistake is getting off too soon."

HOWARD MARKS ON THE MOST EXPENSIVE LESSON OF SELLING TOO EARLY: "Amazon was $90 in 1999. When the tech bubble burst, it went to $6. It was down 93%." "What if you were smart enough to buy it at $6? Would you have held to $12? What about $60? You've made 10 times your money, would you sell?" "What about when it got to $600? You made 100 times your money. Most people would sell." "At the time I wrote it, Amazon was $3,300. If you sold at $600, you left 85% of the money on the table." "Buffett says he made all his money on 12 ideas. Charlie Munger said he made all his money on 4. The big mistake is getting off too soon."

WOLF

319,388 views • 3 months ago

Santa Cruz says most people aren’t getting deep sleep (that’s why they have low testosterone) “The problem is most people can’t wind down. I struggle with it too. We’re all on our phones, there’s so much going on” “Do the 4-7-8 breathing. You breathe in for four, hold for seven, exhale for eight. Do that for 5–10 minutes in the dark. Make your room completely dark, you’re not actually getting deep sleep otherwise. Sleep is the No. 1 thing for test”

Santa Cruz says most people aren’t getting deep sleep (that’s why they have low testosterone) “The problem is most people can’t wind down. I struggle with it too. We’re all on our phones, there’s so much going on” “Do the 4-7-8 breathing. You breathe in for four, hold for seven, exhale for eight. Do that for 5–10 minutes in the dark. Make your room completely dark, you’re not actually getting deep sleep otherwise. Sleep is the No. 1 thing for test”

Mikli

104,620 views • 4 months ago

Ex-Google CEO Eric Schmidt on what many of the greatest products have in common "If you think about the greatest products, they've almost always been designed for the benefit of the people who are actually building them." Uber is one example. The original Uber was a private timeshare limousine service for Garrett Camp and his friends. Google is another: “Larry and Sergey built Google for Stanford—and particularly for themselves. The server was in Larry’s dorm room…. They opened up the server for the entire campus, and the usage was phenomenal. Andy Bechtolsheim heard about it through David Cheriton and wrote a $100,000 check. They didn’t have a name for a company… Sergey left it in his wallet for a month until they had the name Google invented.” Video source: Greylock Partners (2015)

Ex-Google CEO Eric Schmidt on what many of the greatest products have in common "If you think about the greatest products, they've almost always been designed for the benefit of the people who are actually building them." Uber is one example. The original Uber was a private timeshare limousine service for Garrett Camp and his friends. Google is another: “Larry and Sergey built Google for Stanford—and particularly for themselves. The server was in Larry’s dorm room…. They opened up the server for the entire campus, and the usage was phenomenal. Andy Bechtolsheim heard about it through David Cheriton and wrote a $100,000 check. They didn’t have a name for a company… Sergey left it in his wallet for a month until they had the name Google invented.” Video source: Greylock Partners (2015)

Startup Archive

69,401 views • 9 months ago

Victor Davis Hanson just gave the most powerful breakdown yet of Charlie Kirk’s entire message to America’s youth. It was a one-minute masterclass. His bottom line: “You are the revolutionaries.” “What Charlie Kirk was telling young people is you are living in a society in which the baby boomers of the 1960s and 70s are now the establishment, and they are ossified, they are calcified, they have no new ideas.” “They still are trapped in the amber of a sort of revolutionary idea of the 60s and 70s. DEI, critical race theory, critical legal theory, radical green environmentalism, open borders.” “The result of all this is that you, the youth of America, are told not to do what history says will make you happy, to get married, to have more than two children, or at least two children, to buy a home, to be active in your community, to be patriotic, to be traditionalist.” “These are things that are not establishment, Kirk was telling young people on campus, these are counter-revolutionaries. YOU are revolutionaries.” “So what he asked young people to do is to, say, REBEL.”

Victor Davis Hanson just gave the most powerful breakdown yet of Charlie Kirk’s entire message to America’s youth. It was a one-minute masterclass. His bottom line: “You are the revolutionaries.” “What Charlie Kirk was telling young people is you are living in a society in which the baby boomers of the 1960s and 70s are now the establishment, and they are ossified, they are calcified, they have no new ideas.” “They still are trapped in the amber of a sort of revolutionary idea of the 60s and 70s. DEI, critical race theory, critical legal theory, radical green environmentalism, open borders.” “The result of all this is that you, the youth of America, are told not to do what history says will make you happy, to get married, to have more than two children, or at least two children, to buy a home, to be active in your community, to be patriotic, to be traditionalist.” “These are things that are not establishment, Kirk was telling young people on campus, these are counter-revolutionaries. YOU are revolutionaries.” “So what he asked young people to do is to, say, REBEL.”

Overton

29,562 views • 9 months ago

“Our history really gives two lessons; one is what human beings can do that is terrible, including self-destruction. But there is another side when we recover from all this, that human beings actually have in them, the better side that can also move them to a good future that they actually deserve. For us in Rwanda we are between these two things. We hope the young people today, whom we invest in as a country, can learn a lasting lesson from all this.” President Kagame on his greatest hope in Rwanda’s young people | Milken Asia Summit #MIGlobal

“Our history really gives two lessons; one is what human beings can do that is terrible, including self-destruction. But there is another side when we recover from all this, that human beings actually have in them, the better side that can also move them to a good future that they actually deserve. For us in Rwanda we are between these two things. We hope the young people today, whom we invest in as a country, can learn a lasting lesson from all this.” President Kagame on his greatest hope in Rwanda’s young people | Milken Asia Summit #MIGlobal

Presidency | Rwanda

28,795 views • 1 year ago

Krishna on how Anthropic thinks about the platform vs. application layer, and when they decide to build their own products like Claude Code. It’s the question every investor and founder is thinking about: “Most of what we're building is platform. There's so many examples of where a platform can accrue a lot of value, but the customers who are building on that platform actually accrue even more value. We will build our own applications on that same platform where a couple of things are true. Number one, if we feel like we have a vision into where the models are going and we can demonstrate that and create customer value in that, that might be something like Claude Code. The second is thinking about ways to demonstrate value for the ecosystem that others might emulate. If you think about Claude for financial services or Claude for life sciences, these are ways in which we've composed the platform. We're building on the same platform as our customers. That creates a level playing field. We also think that there's so much value that's going to accrue in these areas that our customers can win and we can win as well. So I think of our strategy as mostly horizontal. A lot of the value is going to accrue to the customers that are building on top of it. Our goal is build the best models and then build the products and tools and services that allow that intelligence to proliferate within customers."

Krishna on how Anthropic thinks about the platform vs. application layer, and when they decide to build their own products like Claude Code. It’s the question every investor and founder is thinking about: “Most of what we're building is platform. There's so many examples of where a platform can accrue a lot of value, but the customers who are building on that platform actually accrue even more value. We will build our own applications on that same platform where a couple of things are true. Number one, if we feel like we have a vision into where the models are going and we can demonstrate that and create customer value in that, that might be something like Claude Code. The second is thinking about ways to demonstrate value for the ecosystem that others might emulate. If you think about Claude for financial services or Claude for life sciences, these are ways in which we've composed the platform. We're building on the same platform as our customers. That creates a level playing field. We also think that there's so much value that's going to accrue in these areas that our customers can win and we can win as well. So I think of our strategy as mostly horizontal. A lot of the value is going to accrue to the customers that are building on top of it. Our goal is build the best models and then build the products and tools and services that allow that intelligence to proliferate within customers."

Patrick OShaughnessy

112,863 views • 2 months ago

Tim Cook on what he learned from Steve Jobs: 1. Steve was focused on products, products, products. not the stock price, not the org chart. everything came back to what you were actually making. 2. he taught me that making things simple is far harder than making them complex. anyone can add. the real work is stripping something down. 3. the biggest products came from the smallest teams. the first ipod team was tiny. the iphone team was tiny. small teams can do amazing things. 4. hire people who challenge you. surround yourself with people who have skills you don't have. then be confident enough to actually want that. 5. don't get married to your past views. steve could change his mind in an instant when new evidence showed up. most people can't do it, because their pride won't let them. 6. he loved to debate. he wanted you to push back. you could always change his mind if you had the better idea, and he'd change yours. that's why it worked. 7. i was taken aback by how fast he could switch positions. then i became enamored with it. very few people have that skill.

Tim Cook on what he learned from Steve Jobs: 1. Steve was focused on products, products, products. not the stock price, not the org chart. everything came back to what you were actually making. 2. he taught me that making things simple is far harder than making them complex. anyone can add. the real work is stripping something down. 3. the biggest products came from the smallest teams. the first ipod team was tiny. the iphone team was tiny. small teams can do amazing things. 4. hire people who challenge you. surround yourself with people who have skills you don't have. then be confident enough to actually want that. 5. don't get married to your past views. steve could change his mind in an instant when new evidence showed up. most people can't do it, because their pride won't let them. 6. he loved to debate. he wanted you to push back. you could always change his mind if you had the better idea, and he'd change yours. that's why it worked. 7. i was taken aback by how fast he could switch positions. then i became enamored with it. very few people have that skill.

Naruto

48,125 views • 23 days ago

Today's Russian strikes on Ukrainian cities have caused so much grief and damage. Russia attacks Ukraine daily, and it has absolutely no problems with targeting civilians. ◾️ Kharkiv: 40 people are injured as a result of two KAB bombs hitting the city. 6 of them are children, and 2 of them are pregnant women. Six victims are currently in the hospital, including two children: a 17-year-old boy and a one-year-old girl. One victim is in serious condition; ◾️ Cherkasy: Russia attacked the city with 4 cruise missiles. There are 12 people injured, including a 9-year-old child; ◾️ Odesa: 4 victims, and one more man might still be under the rubble of a residential building damaged by a Russian drone strike; ◾️ Kostiantynivka: Russians dropped four aerial bombs and shelled the city with artillery, killing two people and injuring 14. 📹: Kharkiv today

Today's Russian strikes on Ukrainian cities have caused so much grief and damage. Russia attacks Ukraine daily, and it has absolutely no problems with targeting civilians. ◾️ Kharkiv: 40 people are injured as a result of two KAB bombs hitting the city. 6 of them are children, and 2 of them are pregnant women. Six victims are currently in the hospital, including two children: a 17-year-old boy and a one-year-old girl. One victim is in serious condition; ◾️ Cherkasy: Russia attacked the city with 4 cruise missiles. There are 12 people injured, including a 9-year-old child; ◾️ Odesa: 4 victims, and one more man might still be under the rubble of a residential building damaged by a Russian drone strike; ◾️ Kostiantynivka: Russians dropped four aerial bombs and shelled the city with artillery, killing two people and injuring 14. 📹: Kharkiv today

Anton Gerashchenko

43,313 views • 1 year ago