5 ms·

Or fail miserably…

fragmede 10mo ago
Which we don't hear about. Except maybe via GoFundMe.
b112 10mo ago
You know what? Peter used to say, that every successful company could look back at a defining moment early on, where they would have died had it not been for the courage, and the tenacity, and maybe the insanity of one visionary person who put it all on the line, even though it seemed like a huge mistake at the time. A moment where all the metrics and the numbers didn't mean anything. It was all about the emotion. It was about belief, rational or irrational. And I think... I hope that I just witnessed that.
- raw_anon_1111 10mo ago
  On the other hand, no matter what you do, you can’t invest like Warren Buffett. https://www.forbes.com/sites/adamhartung/2014/11/19/why-you-cant-invest-like-warren-buffett-and-shouldnt-try/ https://www.forbes.com/sites/adamhartung/2014/11/19/why-you-... The whole idea of succeeding by “grit” makes way too many people too idealistic and unrealistic. Don’t get me wrong, Peter Drucker (hopefully that’s the Peter you are referring to) had some great actionable advice. But believing in yourself and having grit is about as banal as “thoughts and prayers”
  - anukin 10mo ago
    I hope it’s Peter drucker instead of Peter griffin
- toss1 10mo ago
  You know what? This is indeed where courage, tenacity, and risk-taking make a difference. But what makes the difference in whether or not we hear about it is pure luck and survivor bias. If their luck was just right that with all that push in the right time the deal came through or the product sold, then we hear about what a great success it was, and how important was their grit. And many smart determined people with all the courage, tenacity, and risk-taking in the world have also taken the big risk, but dice did not roll their way, or the hill was just so steep it didn't work, so we hear nothing of them. And their number likely vastly exceeds the few for whom it did work.
- WalterBright 10mo ago
  At one point in Tesla's path, Musk was down to a net worth of $200k or so. He laid his entire fortune on the line. How many of us would be willing to do that? Not me.
  - jdiff 10mo ago
    Is that courage or ketamine? I'm not sure there's anything aspirational there, or just a huge streak of vanity. Just look at all the plastic surgery.
    - WalterBright 10mo ago
      If you think taking drugs is the key to success, well, it's not a path I'd try.
      - jdiff 10mo ago
        I did say, "I'm not sure there's anything aspirational there." But clearly it does have a chance at success, as evidenced by Elon. Or, as it always turns out, it's difficult to fail anywhere but up when you're wealthy.
        WalterBright 10mo ago
        [flagged]
        jdiff 10mo ago
        [flagged]
        Teever 10mo ago
        [flagged]
        venturecruelty 10mo ago

Or fail miserably…

Which we don't hear about. Except maybe via GoFundMe.

b112 10mo ago

You know what? Peter used to say, that every successful company could look back at a defining moment early on, where they would have died had it not been for the courage, and the tenacity, and maybe the insanity of one visionary person who put it all on the line, even though it seemed like a huge mistake at the time. A moment where all the metrics and the numbers didn't mean anything. It was all about the emotion. It was about belief, rational or irrational. And I think... I hope that I just witnessed that.

raw_anon_1111 10mo ago
On the other hand, no matter what you do, you can’t invest like Warren Buffett. https://www.forbes.com/sites/adamhartung/2014/11/19/why-you-cant-invest-like-warren-buffett-and-shouldnt-try/ https://www.forbes.com/sites/adamhartung/2014/11/19/why-you-... The whole idea of succeeding by “grit” makes way too many people too idealistic and unrealistic. Don’t get me wrong, Peter Drucker (hopefully that’s the Peter you are referring to) had some great actionable advice. But believing in yourself and having grit is about as banal as “thoughts and prayers”
- anukin 10mo ago
  I hope it’s Peter drucker instead of Peter griffin
toss1 10mo ago
You know what? This is indeed where courage, tenacity, and risk-taking make a difference. But what makes the difference in whether or not we hear about it is pure luck and survivor bias. If their luck was just right that with all that push in the right time the deal came through or the product sold, then we hear about what a great success it was, and how important was their grit. And many smart determined people with all the courage, tenacity, and risk-taking in the world have also taken the big risk, but dice did not roll their way, or the hill was just so steep it didn't work, so we hear nothing of them. And their number likely vastly exceeds the few for whom it did work.
WalterBright 10mo ago
At one point in Tesla's path, Musk was down to a net worth of $200k or so. He laid his entire fortune on the line. How many of us would be willing to do that? Not me.
- jdiff 10mo ago
  Is that courage or ketamine? I'm not sure there's anything aspirational there, or just a huge streak of vanity. Just look at all the plastic surgery.
  - WalterBright 10mo ago
    If you think taking drugs is the key to success, well, it's not a path I'd try.
    - jdiff 10mo ago
      I did say, "I'm not sure there's anything aspirational there." But clearly it does have a chance at success, as evidenced by Elon. Or, as it always turns out, it's difficult to fail anywhere but up when you're wealthy.
      - WalterBright 10mo ago
        [flagged]
        jdiff 10mo ago
        [flagged]
        Teever 10mo ago
        [flagged]
        venturecruelty 10mo ago