Quotes About Capital

To use my terminology, this long period of training, starting with her undergraduate biology classes and continuing through her PhD and then postdoctoral work at the Broad Institute, was when she was building up her stores of career capital. When she took a professorship at Harvard, she was finally ready to cash in this capital to obtain the mission-driven career she enjoys today.

Control that's acquired without career capital is not sustainable.

The First Control Trap In which I introduce the first control trap, which warns that it's dangerous to pursue more control in your working life before you have career capital to offer in exchange. Jane's

introduced the term career capital to describe these rare and valuable skills, and noted that the tricky part is figuring out how to acquire this capital. By definition, if it's rare and valuable, it's not easy to get.

I decided that focusing my attention on a bottom-up understanding of my own field's most difficult results would be a good first step toward revitalizing my career capital stores. To

Mike Jackson leveraged the craftsman mindset to do whatever he did really well, thus ensuring that he came away from each experience with as much career capital as possible. He never had elaborate plans for his career. Instead, after each working experience, he would stick his head up to see who was interested in his newly expanded store of capital,

If you want a mission, you need to first acquire capital. If you skip this step, you might end up like Sarah and Jane: with lots of enthusiasm but very little to show for it. Not

The point at which you have acquired enough career capital to get meaningful control over your working life is exactly the point when you've become valuable enough to your current employer that they will try to prevent you from making the change.

when you do have enough capital to successfully make a shift toward more control. It's at this point that you're most likely to encounter resistance from others in your life, as more control usually benefits only you.

you do instead? It contended that the traits that define great work are rare and valuable. If you want these traits in your own life, you need rare and valuable skills to offer in return. I called these rare and valuable skills career capital, and noted that the foundation of constructing work you love is acquiring a large store of this capital.

The Great Restructuring, unlike the postwar period, is a particularly good time to have access to capital.

Let's pull together the threads spun so far: Current economic thinking, as I've surveyed, argues that the unprecedented growth and impact of technology are creating a massive restructuring of our economy. In this new economy, three groups will have a particular advantage: those who can work well and creatively with intelligent machines, those who are the best at what they do, and those with access to capital.

this new economy, three groups will have a particular advantage: those who can work well and creatively with intelligent machines, those who are the best at what they do, and those with access to capital.

In which I argue that a mission chosen before you have relevant career capital is not likely to be sustainable. Mission

An auction market, by contrast, is less structured: There are many different types of career capital, and each person might generate a unique collection. The cleantech space is an auction market. Mike Jackson's capital, for example, included expertise in renewable energy markets and entrepreneurship, but there are a variety of other types of relevant skills

put into our terminology, enthusiasm alone is not rare and valuable and is therefore not worth much in terms of career capital.

Savings, remember, is the prerequisite of investment.

staking reward is a positive incentive by which users receive a bonus in their token balance based on the amount of capital they have contributed to the system. Options for customization include applying a minimum threshold to all staked balances on a pro rata basis, either a fixed or pro rata payout, and a token that is the same or different from the staked one.

If you can't out-experiment and beat your competitors in time to market and agility, you are sunk. Features are always a gamble. If you're lucky, ten percent will get the desired benefits. So the faster you can get those features to market and test them, the better off you'll be. Incidentally, you also pay back the business faster for the use of capital, which means the business starts making money faster, too.

It's not the upfront capital that kills you, it's the operations and maintenance on the back end.

When r&d capital is locked up as wip for more than a year, not returning cash back to the business, it becomes almost impossible to pay back the business,

The central position of finance capital is going to come to an end, and it's going to steadily move to the sides, the margins of our society, transformed from being a master into a servant, a servant to the productive economy and of human needs.

A major shock at the wrong time can lead to their demise. Younger companies, which are buffered against this by an initial capital endowment, become particularly vulnerable once this initial infusion is expended if they are unable to turn a significant profit. This is sometimes referred to as the liability of adolescence.

Truth, with a capital T, was swapped for Fact with a capital F, then both lower-cased —facts the new trues.