"I'd noticed, of course, that people never seemed to grasp new ideas at first. I thought it was just because most people were stupid. Now I see there's more to

"I'd noticed, of course, that people never seemed to grasp new ideas at first. I thought it was just because most people were stupid. Now I see there's more to it than that. Like a contrarian investment fund, someone following this strategy will almost always be doing things that seem wrong to the average person." For me, this was the most important point. True entrepreneurial genius is being able to differentiate between ideas that seem wrong/impossible to the masses but are right and those that are plain wrong in the business sense.