Quotes About Strategy

Poker has taught me to disconnect failure from outcomes. Just because I lose doesn't mean I failed, and just because I won doesn't mean I succeeded—not when you define success and failure around making good decisions that will win in the long run.

Making effective decisions—and learning effectively—requires massive elimination and the removal of options.

Diversificación de riesgos: «Tienen

Annie's latest book, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts, focuses on strategies for great decision-making.

Do not work harder when the solution is working smarter. I

Cuáles son las verdaderas metas últimas de mi vida, y cómo puedo optimizar para alcanzarlas?".»

Meetings should only be held to make decisions about a predefined situation, not to define the problem.

Diversity in counsel, unity in command." –Cyrus the Great Founder of the Achaemenid Empire, known as the "king of Persia

I have come to learn that part of the business strategy is to solve the simplest, easiest, and most valuable problem. And actually, in fact, part of doing strategy is to solve the easiest problem, so part of the reason why you work on software and bits is that atoms [physical products] are actually very difficult.

As to methods there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble." –Ralph Waldo Emerson American essayist, leader of the 19th-century transcendentalist movement

Parece razonable dedicar el 5 por ciento del tiempo a pensar cómo pasarás el 95 por ciento restante.

This doesn't mean you ignore planning. I encourage you to make huge, ambitious plans. Just remember that the big-beyond-belief things are accomplished when you deconstruct them into the smallest possible pieces and focus on each "moment of impact," one step at a time.

En esto consiste la estrategia del lienzo, en ayudarte ayudando a los demás. En realizar un esfuerzo coordinado para cambiar tu satisfacción a corto plazo por una recompensa a largo plazo.

Think and Grow Rich, Who Moved My Cheese?, Blue Ocean Strategy, Invisible Selling Machine, The Richest Man in Babylon, and Genghis Khan and the Making of the Modern World. TF: That last Genghis Khan book has been recommended to me by several billionaires.

In negotiation, he who cares the least wins." He could ignore bit parts because he had cash flow from his real estate investments.

La diversificación sirve casi en cualquier ámbito de la vida para reducir el estrés».

Arnold was able to use his biggest "flaws" as his biggest assets, in part because he could bide his time and didn't have to rush to make rent.

When deal-making, ask yourself: Can I trade a short-term, incremental gain for a potential longer-term, game-changing upside? Is there an element here that might be far more valuable in 5 to 10 years (e.g., ebook rights 10 years ago)?

Even today, I still benefit from that because I don't merge and bring things together and see everything as one big problem. I take them one challenge at a time.

Back to Tony, "cap the downside" also applies to thinking long-term about fees and middlemen: "If three of my friends [and I] all put aside the same amount of money, and we all get a 7% return, but my buddy's getting fees of 3%, my other buddy's 2%, and I'm 1%, and all three of us put $1 million in or $100,000 . . . the person with 3% of fees ends up with 65% less money [in the long-term]. . . .

Scott me ayudó a reorientar mi atención hacia los sistemas, por usar su propio lenguaje, en lugar de concentrarme en las metas.

Asset allocation: "They absolutely, beyond a shadow of a doubt, know they're going to be wrong . . . so they set up an asset allocation system that will make them successful. They all agree asset allocation is the single most important investment decision.

If you remember nothing else, remember this: If you're in your 40s or beyond and you care about living longer, which immediately puts you in a selection bias category, there's an 80% chance you're going to die of [one of] those four diseases. So any strategy toward increasing longevity has to be geared toward reducing the risk of those diseases as much as is humanly possible.

Are You Over-Correlated?