venturing.in

You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.

– Buckminster Fuller

Slazinger claims to have learned from history that most people cannot open their minds to new ideas unless a mind-opening team with a peculiar membership goes to work on them. Otherwise, life will go on exactly as before, no matter how painful, unrealistic, unjust, ludicrous, or downright dumb that life may be.

The team must consist of three sorts of specialists, he says. Otherwise the revolution, whether in politics or the arts or the sciences or whatever, is sure to fail.

The rarest of these specialists, he says, is an authentic genius – a person capable of having seemingly good ideas not in general circulation. “A genius working alone,” he says, “is invariably ignored as a lunatic.”

The second sort of specialist is a lot easier to find: a highly intelligent citizen in good standing in his or her community, who understands and admires the fresh ideas of the genius, and who testifies that the genius is far from mad. “A person like this working alone,” says Slazinger, “can only yearn loud for changes, but fail to say what their shapes should be.”

The third sort of specialist is a person who can explain everything, no matter how complicated, to the satisfaction of most people, no matter how stupid or pigheaded they may be. “He will say almost anything in order to be interesting and exciting,” says Slazinger. “Working alone, depending solely on his own shallow ideas, he would be regarded as being as full of shit as a Christmas turkey.”

Slazinger, high as a kite, says that every successful revolution, including Abstract Expressionism, the one I took part in, had that cast of characters at the top – Pollock being the genius in our case, Lenin being the one in Russia’s, Christ being the one in Christianity’s.

He says that if you can’t get a cast like that together, you can forget changing anything in a great big way.

– Kurt Vonnegut, Bluebeard

Reputation is what people expect us to do next.

– Seth Godin

Short–term underperformance doesn’t trouble us; indeed, because it is the price that must sometimes be paid for longer-term outperformance.

– Seth Klarman

Liquidity can be transient and paradoxical. It’s plentiful when you don’t care about it and scarce when you need it most. Given the way it waxes and wanes, it’s dangerous to assume the liquidity that’s available in good times will be there when the tide goes out.

– Howard Marks

The way to get rich is to keep $10 million in your checking account in case a good deal comes along.

– Charlie Munger

This country belongs to all of us. We made this country from nothing, from mud-flats… Over 100 years ago, this was a mud-flat, swamp. Today, this is a modern city. Ten years from now, this will be a metropolis. Never fear!

– Lee Kuan Yew, September 1965

In 1965, I could not, and nobody could, imagine the developments in the world. So, I would say every chance, every tide, every wind, every surf that came our way, we tried to ride on it. And that’s how we got here.

– Lee Kuan Yew