Take-3 #2

Blog Updates:

Book Note: Intelligent Fanatics by Ian Cassel and Sean Iddings. 

  • 1-sentence summary: Case studies of 9 historic compounding companies with a focus on the leader of the business and their emphasis on the people operations that make up the business

OMD Series Ep.1 - First 4 weeks of Project Ulysses

  • A weekly series following the journey of my various personal projects I plan to turn into businesses. Follow the growth and transformation of ideas with me. 


Take 3 for the Week! (This week is quite visual heavy... not intentional..)

Healthy

  • Video: Short TED video on attitude + mindset programming. I enjoyed her listening to her journey. Especially the mention of visualization to block out noise. Though I don't know if she mentioned the value of having a purpose or passion backing the rationale for your pursuit of whatever you are striving to achieve. https://www.youtube.com/watch?v=MmfikLimeQ8


Wealthy

  • Video: Looking at some commonalities among the historic 100-bagger stocks in the last 50 years. Important to understand what price you are paying to acquire the business. But afterwards ignore the ongoing price unless the business' fundamentals change. Then see how the price reflects it's intrinsic value. Looking at the stock market is just a distraction and waste of time for the long-term investor. https://www.youtube.com/watch?time_continue=1031&v=KoOEE8GI-Ko


Wise

  • Video: Steve Job's 1992 lecture at MIT Sloan. Loved his quick jab at the minimal-value add consultants actually provide to a company. But what was really fascinating was the reason why NeXT chose to be both a hardware + software company. For you need the best hardware product to raise up your average selling price to fund a scalable sales force that can then in turn sell more software products in tandem with the hardware. Software alone is cheaper due to minimal investments to build it and that lowers your average selling price. https://www.youtube.com/watch?v=Gk-9Fd2mEnI&feature=youtu.be

 

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