“As it applies to a product and technology organization, leading with context takes real effort to do well, and it’s a major responsibility of your product leaders. But if you want to empower your product teams and push decision making down to the people closest to the problems and the enabling technology, then it’s well worth your time.”Leading with Context Not Control, Marty Cagan “Long term is harder than most people imagine, which is why it’s more lucrative than many people assume.
Looking back at the companies I’ve been most interested to invest in, I’ve found a pattern where I subconsciously favour businesses that are holding companies or have multiple, independent lines of business.
One of the most important heuristics (and possibly mental model) that I’ve been learning to apply when looking for great investments (in product and business) is how the management telegraphs and frames their position and/or product.
“What doesn’t kill you makes you stronger.”Friedrich Nietzsche “And if at first you don’t succeed,Dust yourself off and try again,You can dust it off and try again.”Try Again by Aaliyah featuring Timbaland Another useful mental model that I’ve put into my investing toolbox, is looking for products/businesses that have survived near-death experiences.
A few things I’ve learned through the near half-decade of reading on great investing minds like Warren Buffett and Charlie Munger but also the ecosystem of commentary on the entrepreneurship business.
When I joined The Foundation a few years ago and built a recurring income business for myself, one of the most profound lessons were the ones on marketing.