Thinking, reading, learning, understanding and generating ideas is the main work of everyone who studies, does research or writes.

Key Takeaway #1 – Licensing a product idea is often easier and faster than trying to manufacture and sell a product by yourself.

People in power typically have access to resources, including financial and social capital— indeed, such capital may be the source of their power. They often use those resources to “create,” in numerous ways, a history that whitewashes past misdeeds or reinterprets them in ways favorable to them.

We must of necessity be a servant to someone, either to God or to sin.

A rational investor should pay a higher price for a share, other things equal, the larger the proportion of a company’s earnings paid out in cash dividends or used to buy back stock.

If your business is successful, it eventually moves beyond the start-up phase and starts to grow. You can hang on for a while, but sooner or later the company develops a set of needs that entrepreneurs like me aren’t good at dealing with. You can’t ignore those needs.

By simply becoming aware of overthinking and giving yourself space, the mind settles into clarity.

So if you aspire to be a good conversationalist, be an attentive listener. To be interesting, be interested. Ask questions that other persons will enjoy answering. Encourage them to talk about themselves and their accomplishments.

Be patient. It’s next to impossible to fully understand the mechanism of the system in one cycle. You may need up to five quarterly cycles to see how this actually works.

I always advise twentysomethings to take the job with the most capital.