The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Vasavada: Decisions that make employees happy are usually wrong for the business
“The decision that makes someone happy is usually the wrong decision for the business.”
Vasavada: VC incentives to burn capital contradict founder ownership interests
“An investor's incentive is to get you to burn money because they believe it'll help you grow faster. And if it grows faster that you can always raise more money and burn more money and they can put more money in. So for you to burn, So they can deploy more cap…”
Vasavada: Managers are incentivized to overhire to boost their resumes
“Their LinkedIn's are going to say scaled an organization from 20 people to 200 people. And like people think associate their identities with how big of an organization they have or how big of a of an org they were able to scale and over what time. So there's t…”
Vasavada: Alpha comes from hiring fewer, high-agency, high-ownership people
“I think a real learning was the alpha was in hiring a small amount of people that were, that are high agency, that are high ownership, that could take on a lot, you know, as Keith or boy says your barrels you know, find a lot of key barrels and find the right …”
Vasavada: Emerging markets can leapfrog legacy products straight to automated portfolios
“I think there's the same kind of analogous and wealth, which is, you know, people, you know, a lot of these cash based societies are now moving digital
so they can skip, you know, the era of crappy financial products and go straight to personalized portfolios …”