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

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startupsdecision-makingentrepreneurship

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

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manufacturingproduct-developmententrepreneurship

Most investors think risk-taking is the path to wealth. It isn't. Wealth is built by surviving long enough for compounding to work — and surviving means avoiding the risks that can knock you out of the game permanently. The goal isn't maximum return; it's maximum duration.

Howard Marks — The Most Important Thing

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