There’s a difference between speculating and investing, and it pays to know what the difference is. Speculating is exciting, full of breathtaking ups and downs… Investing, on the other hand, is slow and boring. In the short term, you may have some ups and downs. But if you chart investing over time, it looks like a long, slow curve upward. Speculating is like a Vegas casino. Investing is like watching grass grow.
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Speculating vs. Investing
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A Newspaper Is An Organiser
A newspaper is not only a collective propagandist and a collective agitator, it is also a collective organiser.
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Outsiders Make The Music
Histories of music overwhelmingly suppress stories of the outsiders and rebels who created musical revolutions and instead celebrate the mainstream assimilators who borrowed innovations, diluted their impact, and disguised their sources.
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Culture Creates The IP
We have a lot of intellectual property and so forth, and that is important, but it’s people that create that intellectual property. It’s the culture that creates the innovation with the intellectual property.
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Innovation vs. Optimization
Innovation requires commando units to move fast and break things. Optimization requires hierarchy and efficiency.
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Make Something Wonderful
One of the ways that I believe people express their appreciation to the rest of humanity is to make something wonderful and put it out there. And you never meet the people. You never shake their hands. You never hear their story or tell yours. But somehow, in the act of making something with a great deal of care and love, something’s transmitted there.
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Familiar Answers
We are trying to solve a problem by looking for answers that resemble what we are accustomed to.
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Surprise Is The Rule
Nothing is guaranteed. It’s full of surprises. The constant lesson of history is the dominant role played by surprise. Just when we are most comfortable with an environment and come to believe we finally understand it, the ground shifts under our feet. Surprise is the rule, not the exception.
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Heightened Sensitivity
There was something gorgeous about him, some heightened sensitivity to the promises of life, as if he were related to one of those intricate machines that register earthquakes ten thousand miles away.