I’m starting to think that one type of remarkable career — and certainly the most interesting type — comes from finding an earned secret and then exploiting the hell out of it for the good part of 2-3 decades.
Mark Leonard of Constellation: vmsfund.com/news/message-p
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This link is courtesy of the latest , who you should totally subscribe to:
libertyrpf.com/p/236-mark-leo
There are other examples …
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Nick Sleep and Qais Zakaria, who built their investing career around ‘scale efficiencies shared’.
I wrote about them here:
commoncog.com/blog/take-a-si
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Bill Gurley with returns to scale (what we now call network effects). Although this one is less clear cut; Gurley did a lot of things with other ideas throughout his career.
(And he told me returns to scale a factor but not the only one).
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I don’t know what the actionable takeaway is with this. All of these folk stumbled onto these secrets by luck. Chance favouring the prepared mind and all that.
I guess the question reduces down to: how can you have a prepared mind, and how can you get lucky?
🤷♂️
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