More on this book
Kindle Notes & Highlights
by
M.J. DeMarco
Read between
April 11 - April 27, 2023
sleet
furlough
If you follow conventional wisdom from conventional people living conventional lives, you will get exactly that: a conventional life.
stoic
pliant
gambit
marred
pejorative
mired
pundits
Nonplussed,
Neutered
gaiety
conscripted,
The best way to keep slaves obedient is to make sure they don’t know they’re slaves.
insanity is financing a house for thirty years so you can enjoy it only on the weekend because you’re too busy paying for it.
Machiavellian
forlorn
vetoed
suffused
listless
furtive
chugged
sardonically,
nebulous
asceticism
spiel.
vetoed.
nonplussed.
incredulous
As scientists, we’re not using the stock market for wealth creation, we’re using it for income, liquidity, and inflation protection. We’re not trying to turn a hundred bucks into $10 million over forty years, we’re trying to turn $10 million dollars into a $30,000 paycheck every month. Specifically, don’t use the capital markets to make you rich, use it to keep you rich.
litany
voracious
esoteric
The Profit Locus: I need a better product that is more valuable to more people!
seek a better profit through a better product with better value.
disheveled
incredulously,
Scale minimally impacts many; magnitude maximizes impact on a few. Both lay the foundation for asymmetric returns.
hubris.
The Problemology Principle asserts that the moment you decide to be an entrepreneur is the moment you decide to be a lifetime problem solver.
Entrepreneurs solve big problems and offer their solutions for profit.
The Imperfection Principle asserts that anything that can be improved is a business opportunity.
cogent
epicurean
cloistered
impetus
esoteric:
ethereal
sans