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jbs789 2 hours ago

If you don’t have a fall back, you have no choice but to make it work.

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wat10000 9 minutes ago | parent | next [-]

Cortez burning^Wscuttling his ships.

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JustExAWS an hour ago | parent | prev [-]

Or fail miserably…

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fragmede an hour ago | parent | next [-]

Which we don't hear about. Except maybe via GoFundMe.

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bbarnett an hour ago | parent | prev [-]

You know what?

Peter used to say, that every successful company could look back at a defining moment early on, where they would have died had it not been for the courage, and the tenacity, and maybe the insanity of one visionary person who put it all on the line, even though it seemed like a huge mistake at the time.

A moment where all the metrics and the numbers didn't mean anything.

It was all about the emotion. It was about belief, rational or irrational.

And I think...

I hope that I just witnessed that.

	▲	raw_anon_1111 38 minutes ago \| parent \| next [-]
		On the other hand, no matter what you do, you can’t invest like Warren Buffett. https://www.forbes.com/sites/adamhartung/2014/11/19/why-you-... The whole idea of succeeding by “grit” makes way too many people too idealistic and unrealistic. Don’t get me wrong, Peter Drucker (hopefully that’s the Peter you are referring to) had some great actionable advice. But believing in yourself and have grit is about as banal as “thoughts and prayers”
	▲	toss1 32 minutes ago \| parent \| prev [-]
		You know what? This is indeed where courage, tenacity, and risk-taking make a difference. But what makes the difference in whether or not we hear about it is pure luck and survivor bias. If their luck was just right that with all that push in the right time the deal came through or the product sold, then we hear about what a great success it was, and how important was their grit. And many smart determined people with all the courage, tenacity, and risk-taking in the world have also taken the big risk, but dice did not roll their way, or the hill was just so steep it didn't work, so we hear nothing of them. And their number likely vastly exceeds the few for whom it did work.