Brent Beshore - Adventures in Permanent Equity - [Joys of Compounding, EP. 34]

21 insights saved from this episode by @business

@business· Business Models
“Fish love” values something for what it does for you. Genuine love values it without consuming it.
@business· Business Models
Introspection creates insight. Rumination creates a self-sabotaging downward loop. Confusing them makes destructive self-reliance look productive.
@business· Business Models
Every investment structure eventually comes down to two questions: how much was made, and who kept it.
@business· Business Models
Design guardrails around the incentives that amplify your weaknesses and temptations.
@business· Business Models
Knowing exactly what you do not know is a powerful advantage when entering an unfamiliar field.
@business· Business Models
Love and service should overflow from acceptance already received, not perform for the acceptance you want.
@business· Business Models
High margins make a business more important to customers, especially when it gets paid rapidly.
@business· Business Models
AI became practically usable around November or December, after repeated experiments failed to work as expected.
@business· Business Models
Gaining 50 pounds in your 20s pushed body weight over 250 pounds and made basic activity difficult.
@business· Business Models
You can run faster in the wrong direction. Define the life you want before optimizing your speed.
@business· Business Models
The goal was not another firm. It was a scalable system spanning sourcing, operations, capital, communications, sales, and marketing.
@business· Business Models
As investment firms raise more capital, they compete for larger, better-known assets and face more efficient markets.
@business· Business Models
Masks, social conditioning, and accumulated baggage keep people from seeing one another as they truly are.
@business· Business Models
Write to one imagined person. Your ideas become clearer, deeper, and more precise.
@business· Business Models
A firm hired a PhD in AI and spent a year experimenting, even though many attempts failed to produce complete solutions.
@business· Business Models
What was put on the whiteboard 10 years ago is largely done, despite a decade of experimentation.
@business· Business Models
Investment management has substantial room for innovation despite conventions that portray the industry as mature and standardized.
@business· Business Models
A differentiated investment firm can begin with a blank sheet, borrowing useful ideas and combining them into one coherent model.
@business· Business Models
Investment managers can outperform without superior selection or operations by avoiding forced buying and selling at bad times.
@business· Business Models
When you don’t know why God put someone in your life, love them and take the next step.
@business· Business Models
Poverty is not a left-wing or right-wing problem. It is a human problem.

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