many things that are “risky” are actually very safe. and many things that are “safe” are actually risky. (for instance, staying at your “safe” co… - Auren Hoffman

the best thing you can do in a complex organization is work on making it simpler. the easiest way to do that is to reduce the number of white-collar employees. fewer full-time employees means decisions can be made much faster.

anything wrote or recurring can be done with APIs, software, or contractors (that you can treat as APIs).

any massive expertise can be rented — you can always rent the world-class expert but you usually cannot hire her. you only need employees for the most strategic parts of the business. most businesses can cut between 50-80% of the people making $80k or more.

definition of being rich:
you can occasionally buy one of those high-end chocolate bars at the airport without feeling too guilty.

"spending time independently thinking is where all your alpha comes from"

you are probably not delegating enough time to deep thought and distraction free work