짐 오쇼너시
Quantitative investor, author of What Works on Wall Street, founder of O'Shaughnessy Ventures
2,844 records in all
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146 basic records of 974
Principles are our summary of their public statements.
Recognize that when a specific metric becomes the primary target, it often loses its value as a reliable indicator of success.
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In investing: once a target becomes a measurement, it's no longer useful as a target.2 more supporting quotes are in the member records.
Systems or organizations that enforce total uniformity eventually fail because they lack the evolutionary diversity needed to adapt and innovate.
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the attempt to create a monoculture - monocultures always die. If you know anything about evolution: monocultures die.2 more supporting quotes are in the member records.
People often prefer to believe a comforting lie or a personal theory rather than accept a logical explanation that makes them feel fooled.
3 more supporting quotes are in the member records.
Founders should not assume they know which features customers will love; instead, they must release a minimum viable product and observe what users actually value.
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Once you've got a minimal viable product, put it out there, see who the natural customers for that is, and then listen to them because they won't be talking about faster horses.2 more supporting quotes are in the member records.
Offering too many options confuses customers and prevents them from making a decision; instead, do the work to curate the best one or two choices for them.
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one of the things that I noticed, and I'm a copious note-taker as well because I just think that it's really important to be able to go back and notice a pattern or find a bad pattern and break itone of the bad patterns I found was, we used way too much jargon. Because when you get used to talking back and forth with your colleagues, you say CAGR.1 more supporting quote is in the member records.
In markets filled with low-quality options, use objective factors and data to identify the rare high-value opportunities.
3 more supporting quotes are in the member records.
A true product is defined by its reliability across all devices and network conditions, not just the underlying technology.
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But with a human in the loop, if it's built the right way, you can get magic.2 more supporting quotes are in the member records.
Technology should empower creators by giving them the choice to either lock their work or allow user experimentation.
3 more supporting quotes are in the member records.
True data privacy is a massive competitive advantage that can significantly increase a company's market value.
2 more supporting quotes are in the member records.
View technological shifts as opportunities for better jobs and growth rather than threats to existing circumstances.
There is significant power in being the one to publicly state a truth that everyone privately knows but is afraid to say.
3 more supporting quotes are in the member records.
Success often requires enduring a high volume of rejections; one must be willing to send hundreds of inquiries to find a single 'yes'.
3 more supporting quotes are in the member records.
A business should always have more cash at the end of the day than it started with, regardless of complex accounting.
3 more supporting quotes are in the member records.
Do not make empathy or respect conditional on shared beliefs, as transactional kindness is inherently fake.
2 more supporting quotes are in the member records.
Successful people use low-pressure environments like golf courses to foster casual conversations that lead to business deals.
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I think one of the reasons why it is so many very successful people like golf is it's a great environment to have a casual conversation, which oftentimes leads to, "Hey, why don't we do that deal together?" Or whatever.1 more supporting quote is in the member records.
The skills needed to climb a corporate ladder are different from those needed to build from zero. A successful corporate executive may not have the emotional profile required to be a founder.
3 more supporting quotes are in the member records.
When dealing with complex and ever-changing systems, start with fundamental frameworks to find structure in the chaos.
Success comes from the ability to quickly recognize when an idea is failing and pivot using the lessons learned, rather than being paralyzed by perfectionism.
3 more supporting quotes are in the member records.
Avoid the trap of thinking everything is already known; progress is driven by those who realize we are only at the starting line of understanding complex fields.
3 more supporting quotes are in the member records.
Creating or using specific terms to describe complex social phenomena helps people understand and discuss those ideas more effectively.
3 more supporting quotes are in the member records.
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