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“It’s only when the tide goes out that you find out who was swimming naked” (Buffett) It’s only when there’s an opportunity cost of capital that you find out w
by voisin 3y ago
“It’s only when the tide goes out that you find out who was swimming naked” (Buffett)
It’s only when there’s an opportunity cost of capital that you find out who actually had a business plan.
- namaria 3y agoI agree with the first half. Having a plan is not really what matters, you can have a bad plan (and arguably, if the competition is for funding, there will be a lot of polished, bad plans). We're finding out who actually has a good idea/insight.
- voisin 3y agoHow about “…find out who had a [sustainable] business plan”