If you lose 50% how much do you need to make to get back to where you were? Not 50%
You have to make 100% to get back to even.
It’s much harder to come back than it is to maintain.
As a wise mentor of mine, Keith Cunningham told me, the great sports teams, and great business people, don’t just focus on their offence, they know that to win they also need a great defence.
As Warren Buffet said, rule number one is don’t lose money. Rule number two is see rule number one.
There’s a tendency to gather information, and more information, and more information, indefinitely if a decision is important.
Your next 40 years will be determined by your next ten years.
A mantra I live by in business is, ‘tolerance is the enemy of excellence.’
Functional fixes are not solutions for existential misalignments.
If you’re buying your lunch from someone, what happens if he’s 20cms shorter than you?
It’s almost certain that what’s being agreed isn’t fully understood.
Don’t be a dick.
Five hundred years ago, Michel de Montaigne said: “My life has been filled with terrible misfortune; most of which never happened.”
In tennis, the majority of the game is spent volleying.
I own a wealth management company called MedCapital