two types of wealthy people: 1. have a few brilliant insights and also do a lot of stupid things 2. avoid doing stupid things and have average insig… - Auren Hoffman

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two types of wealthy people:

1. have a few brilliant insights and also do a lot of stupid things
2. avoid doing stupid things and have average insights

it is really easy to do the later, very hard to do the former

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Alternative Names: Auren Raphael Hoffman
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the two most important factors that make data valuable:
1. temporal (as real time as your industry is)
2. has a dollar sign next to it (pricing data)
the best place to be as a data business is to be the *benchmark* for your industry – when the customer’s product can’t exist without you

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