On Rejecting Old Business Principles
Conventional beliefs appear wrong whenever one collapses
- The old belief is called a bubble
- Question what we think we know about the past
- Old beliefs are dogmatically being rejected
- How much of what you know about business is shaped by mistaken reactions to past mistakes?
- Old beliefs are dogmatically being rejected
Some old principles though unpopular may hold certain truth
- It’s better to risk boldness than triviality
- A bad plan is better than no plan
- Competitive markets destroy profits
- Sales matter just as much as products
LOK: 4. Management
RL: Zero to one
IDEAS: Startups