The first rule of fishing is to fish where the fish are, and the second is don’t forget the first. We’ve gotten good at fishing where the fish are. There’s too many boats in the damn water, but the fish are still in it.

– Charlie Munger

When you think you just lack words, what you really lack are ideas. Ideas come in the form of frames. When the frames are there, the words come readily.

– Link

When a measure becomes a target, it ceases to be a good measure…the more a metric is used, the more likely it is to corrupt the process it is intended to monitor.

– Link

If they can take your integrity away from you, it’s not integrity.

– Jack Bogle

It is my practice to try to understand how valuable something is by trying to imagine myself without it.

– Herb Kelleher

Value is generated when the capital required to get a business to sustainability is meaningfully less than what the business is worth when sustainability is reached.

– Fred Wilson

Revolutions are usually made by small networks of agitators rather than by the masses. If you want to launch a revolution, don’t ask yourself, ‘How many people support my ideas?’ Instead, ask yourself, ‘How many of my supporters are capable of effective collaboration?’

– Yuval Noah Harari

We should not stare too much at our big winners. We don’t learn that much from them. We should stare at our big mistakes, because we do learn a lot from them.

– Fred Wilson

Everything is vague to a degree you do not realize till you have tried to make it precise.

– Bertrand Russell