4 ms·

This reminds me of a Warren Buffet video I was watching yesterday where he talks about "You only have to get rich once." ..."To make money they didn't have and

• mixmax 18y ago
  I just watched it, it's excellent.
• mrtron 18y ago
  If your plan is to make a lot of money, you only need to get rich once. No disrespect to Mr. Buffet - I hold him in the highest regard in terms of character. However, his goal is to make a lot of money and have his companies achieve this as well. He does an amazing job at this. My slow/inarticulate point is that Lund seems to have separate goals so you can't hold him to this same standard. It isn't foolish for Lund to lose all his money with a risky venture. From my perspective, Lund wants to grow companies and create the next big thing. I commend him for going after that 100% regardless of the risks involved. edit: OK, watching that video showed Buffets point a little differently. He was meaning never risk more than you can afford to lose regardless of the return, which is true.
  • tyn 18y ago
    And the next big thing is a free newspaper delivered at home? It's not even original
• delano 18y ago
  Thanks Adam Smith. This is a great talk.