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Cedric Chin
@ejames_c
So, something I said today: There are business operators who know ROIC *touches head* And then there are business operators who know ROIC *touches heart* The latter group are vastly more successful than the former.
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Cedric Chin
@ejames_c
This is something that I do in real world conversation that I have trouble replicating online: There’s a difference between knowing *touches head* And knowing *touches heart* The trouble is going from the first to the second.
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Cedric Chin
@ejames_c
The more mundane observation here is that some business people know how to grow their company without dying, and others don't.
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Cedric Chin
@ejames_c
Like, you can tell, when you are talking to a business operator, if they have an intuitive understanding of "oh, maybe I shouldn't continually reinvest in this company, because each marginal dollar I put back in doesn't seem to result in as much good shit as two years ago".
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Cedric Chin
@ejames_c
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@ejames_c
And they either have this intuitive sense or they do not. Interestingly enough, whether they have it seems orthogonal to whether they know of ROIC as a concept. It's truly two different things to know *touch head* and to know *touch heart*.
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