I remember, as a young architect, people always talked about I. M. Pei's concrete. He had a particular specification no one else knew.
I do tend to think that things that have incredibly long time horizons often do involve market failures.
Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it’s a good investment. Investors then just hope that those cash flows - and thus the company’s value - don’t decrease faster than they anticipate.
Never invest in a tech CEO that wears a suit.
If you focus on near-term growth above all else, you miss the most important question you should be asking: will this business still be around a decade from now?
Distribution may not matter in fictional worlds, but it matters in most. The Field of Dreams conceit is especially popular in Silicon Valley, where engineers are biased toward building cool stuff rather than selling it. But customers will not come just because you build it. You have to make this happen, and it's harder than it looks.
There's a wide range of sales ability: there are many gradations between novices, experts, and masters. There are even sales grandmasters. If you don't know any grandmasters, it's not because you haven't encountered them, but rather because their art is hidden in plain sight.
To me a book is a message from the gods to mankind; or, if not, should never be published at all.
Love is a deception and a trap. Love is as big a myth that God sits with his flowing white beard in a throne and looks at us.
I think that whenever a nation feels itself to be at is zenith, it starts to feel a creeping sense of anxiety.
No matter what changes God has performed in you, never rely on them. Build only on a Person, the Lord Jesus Christ, and on the Spirit He gives.