3 ms·
As a case study: - Don't let untrustworthy people in positions of confidence without controls and oversight - Don't sell to untrustworthy parties - Don't go
by banish-m4 2y ago
As a case study:
- Don't let untrustworthy people in positions of confidence without controls and oversight
- Don't sell to untrustworthy parties
- Don't go public
- Don't take counsel of MBAs out to make a buck
- Listen
- Be cautious
It's incredibly hard to have the timing, build the team, and reach such a magic state of success. Guard it well and don't sell out so easily.
- tbrownaw 2y agoWell yes "don't trust people who can't be trusted" does sound like a good idea, but it appears to be a bit tricky to actually implement.
- schmidtleonard 2y agoJust buy low and sell high, it's easy!
- wsc981 2y agoThe thing is, greed can be a very big motivator to make bad decisions. I've come to believe that it's very hard for people to not listen to the voice of greed in their mind. I also believe that as people become more wealthy, they tend to become more greedy. It's a fight against human nature and I don't think many people are well enough in control of themselves in this regard. Maybe someone like Keanu Reaves (from what I've read), but people like him are very few I think ...