Most people think about doing good in the world in terms of the causes they care about — animal welfare, climate change, poverty. But the choice of cause is only one factor in maximizing your impact. An equally important factor is your choice of career, because this determines how much you can contribute to any cause you care about.
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Capitalism is a system for generating testable hypotheses about value. Most hypotheses fail. The error isn't in failing — it's in refusing to run the experiment cheaply enough that failure remains survivable.
Michael Mauboussin — More Than You Know: Finding Financial Wisdom in Unconventional Places
The best time to buy a house is always five years ago. The best time to start a company is always five years ago. The best time to invest is always five years ago. Waiting for certainty is just a sophisticated way of opting out.
Paul Graham — Y Combinator office hours transcript
What we've learned is that you don't want to do too much innovation in one node, because the more innovation that you do, the more complex it becomes. While you'll be able to get that to work, you need to hit a certain schedule, and that's the schedule that your customer ultimately wants.
Chris Auth