Wealth
1. Venture Capital Is Broken: In its current form, venture capital is essentially signing up for 13 years of illiquidity with terrible returns â Chamath
2. Your Next Anti-Scott Galloway Trade: Scott believes that businesses in remote healthcare and telemedicine will do phenomenally well over the next few years: âI think thatâs going to mint the first trillionaire. I think the startups there are going to be huge.â â Scott Galloway
3. CYA Over Results: In corporations, people often make decisions with the aim of avoiding blame. Quality of reasoning becomes more important than the outcome. You canât be blamed if your decision was âreasonableâ â Rory Sutherland
4. Stop With the Market Research: âThe trouble with market research is that people donât think what they feel, they donât say what they think and they donât do what they sayâ - David Ogilvy
5. Inflation is Theft: Contrary to the mainstream narrative, deflation is not evil. Goods and services going down in price is natural and desirable to any rational person
6. In a free market, entrepreneurs win only by consistently providing more value, creating deflation, and abundance, âfighting that is robbing humanityâ â Jeff Booth
7. âItâs pretty much the stupidest thing youâve ever heard in your entire life, that prices should always go upâ â Michael Saylor
Wisdom
8. Life Is a Set of Tournaments: 1) Be aware of the tournament, 2) Find out the criteria to win at it, 3) Play many tournaments, 4) Talk to before who have won the tournament before to get their advice, 5) If the door is locked, try the window â Gary Tan
Health:
9. Drop the Prilosec/Nexium: Associated with increased food allergies, deficiency in vitamin and mineral absorption, problems with calcium absorption, leaky gut, pneumonia, and irritable bowel syndrome -Dr. Todd LePine
10. Scouts Honor: âBy being prepared, you do away with the nagging sense in the back of your head of, âWhat would I do if?â It just frees you up. I want people to have that liberated, swaggering feeling outside.â Steven Rinella
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