The best ideas are often dangerous ideas. You're not supposed to think them. And if you do, you're not supposed to say them. But the truth doesn't care about your comfort.
2w ago
The best time to buy is when there's blood in the streets. The best time to sell is when there's irrational exuberance. Most people do the opposite.
2w ago
The best investment is in yourself. But the second-best investment is often in things that are so obvious and so important that nobody is paying attention to them because everyone assumes someone else is handling it.
Most of them are hidden from view in the stagnant mainstream culture of our time, where tired formulas and AI slop prevail. These are the real deal, and give me reason for optimism about the future of our music culture.
At the time, though, with Japan at its zenith, it was easy to make Vogel-like predictions of continued domination, and it was out of vogue to be a contrarian like Emmott. The same is true of China today.
1mo ago
The size of the opportunity is inversely proportional to how many people think it's an opportunity. If everyone believes something is a great opportunity, then by the time you get there, it's probably not.
The problem with fringe ideas is that most of them are wrong, but the few that are right are very, very valuable. For me, it was always thinking about, 'am I crazy, or is there something here?'
2mo ago
Underscored — save the words that stop you in your tracks.