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← Being average for an above-average period of time can lead to a well…
17 connected korrents · 15 moments from 12 Apr 2016 to 23 Sept 2026.
Everything filed under investing
investing
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hiring Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Being average for an above-average period of time can lead to a well above-average result, because endurance rather than this year's return is the variable that matters. Being average for an above-average period of time can lead to a well above-average result, because endurance rather than this year's return is the variable that matters. Last stated 2 years ago
28 May 2024
MH
Morgan Housel — holds since 2024-05-28 — tap for who they are
Same subject: There is no average year in the stock market; the long-run average only shows up over a very long horizon. — tap to centre the map on it There is no average year in the stock market; the long-run average only shows up over a very long horizon. Last stated a month ago
27 Aug 2026
BC
Ben Carlson — holds since 2026-08-27 — tap for who they are
Same subject: In investing, extra effort tends to correlate negatively with results for the vast majority of people, with some exceptions such as Renaissance Technologies. — tap to centre the map on it In investing, extra effort tends to correlate negatively with results for the vast majority of people, with some exceptions such as Renaissance Technologies. Last stated 2 years ago
28 May 2024
MH
Morgan Housel — holds since 2024-05-28 — tap for who they are
Same subject: Over the long term a stock is hard put to earn a much better return than the business underneath it earns — tap to centre the map on it Over the long term a stock is hard put to earn a much better return than the business underneath it earns
CM
Charlie Munger — holds since c. 1994 — tap for who they are
Same subject: Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic. — tap to centre the map on it Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic. Last stated 2 years ago
1 Oct 2024
TG
Tren Griffin — holds since 2024-10-01 — tap for who they are
Same subject: Investment returns can surpass business revenue. — tap to centre the map on it Investment returns can surpass business revenue. Last stated 2 weeks ago
23 Sept 2026
PL
Pieter Levels — holds since 2026-09-23 — tap for who they are
Same subject: Returns for performance are superlinear rather than proportional across most domains that matter. — tap to centre the map on it Returns for performance are superlinear rather than proportional across most domains that matter. Last stated 3 years ago
1 Oct 2023
PG
Paul Graham — holds since 2023-10-01 — tap for who they are
Same subject: Because stock returns are concentrated in a few winners that are very hard to know in advance, owning the whole index guarantees owning whichever ones turn out to be the drivers. — tap to centre the map on it Because stock returns are concentrated in a few winners that are very hard to know in advance, owning the whole index guarantees owning whichever ones turn out to be the drivers. Last stated 2 years ago
28 May 2024
MH
Morgan Housel — holds since 2024-05-28 — tap for who they are
Same subject: For most people, companies and jobs, being average is good enough. — tap to centre the map on it For most people, companies and jobs, being average is good enough. Last stated 3 months ago
10 Jul 2026
SJ
Stefan Judis — holds since 2026-07-10 — tap for who they are
Same subject: A ban on AI would be short-sighted, giving up on the problem too early. — tap to centre the map on it A ban on AI would be short-sighted, giving up on the problem too early. Last stated 3 years ago
25 May 2023
NQ
Nabeel S. Qureshi — holds since 2023-05-25 — tap for who they are
Same subject: A basic rule for better decisions is to slow down, especially when there is an immediate conviction. — tap to centre the map on it A basic rule for better decisions is to slow down, especially when there is an immediate conviction. Last stated 7 years ago
12 Oct 2019
DK
Daniel Kahneman — holds since 2019-10-12 — tap for who they are
Same subject: A choice with no immediate payoff is not necessarily a poor one: many extraordinary things come from what is first-order negative and second-order positive. — tap to centre the map on it A choice with no immediate payoff is not necessarily a poor one: many extraordinary things come from what is first-order negative and second-order positive. Last stated 10 years ago
12 Apr 2016
SP
Shane Parrish — holds since 2016-04-12 — tap for who they are
Same subject: A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit. — tap to centre the map on it A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit. Last stated 4 months ago
14 Jun 2026
MP
Mark Pincus — holds since 2026-06-14 — tap for who they are
Same subject: A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. — tap to centre the map on it A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. Last stated 4 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. — tap to centre the map on it About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. Last stated 3 months ago
18 Jul 2026
PL
Pieter Levels — holds since 2026-07-18 — tap for who they are
Same subject: A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. — tap to centre the map on it A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. Last stated 2 years ago
3 Mar 2025
TS
Tobias Sjösten — holds since 2025-03-03 — tap for who they are
Same subject: A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. — tap to centre the map on it A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. Last stated 2 weeks ago
22 Sept 2026
BR
Barry Ritholtz — holds since 2026-09-22 — tap for who they are
Same subject: A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. — tap to centre the map on it A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. Last stated a year ago
2 Sept 2025
BE
Benedict Evans — holds since 2025-09-02 — tap for who they are
At the centre
Being average for an above-average period of time can lead to a well above-average result, because endurance rather than this year's return is the variable that matters.
Holds Read this korrent →
There is no average year in the stock market; the long-run average only shows up over a very long horizon.
Holds
In investing, extra effort tends to correlate negatively with results for the vast majority of people, with some exceptions such as Renaissance Technologies.
Holds
Over the long term a stock is hard put to earn a much better return than the business underneath it earns
Last stated c. 1994
Holds
Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic.
Holds
Investment returns can surpass business revenue.
Holds
Returns for performance are superlinear rather than proportional across most domains that matter.
Holds
Because stock returns are concentrated in a few winners that are very hard to know in advance, owning the whole index guarantees owning whichever ones turn out to be the drivers.
Holds
For most people, companies and jobs, being average is good enough.
Holds
A ban on AI would be short-sighted, giving up on the problem too early.
Holds
A basic rule for better decisions is to slow down, especially when there is an immediate conviction.
Holds
A choice with no immediate payoff is not necessarily a poor one: many extraordinary things come from what is first-order negative and second-order positive.
Holds
A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit.
Holds
A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for.
Holds
About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out.
Holds
A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in.
Holds
A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology.
Holds
A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand.
Holds