korrents

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Bold risk-taking and conservative paranoia can work together, as when Gates pursued an audacious vision while wanting a year of payroll in cash, combining getting rich with staying rich.

Drawn from what Morgan Housel said

What this subject means

Microsoft The company and its bets: Copilot, the office tools business, and what agents do to both.

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Which mental models help you think better?under our view: Leave a margin of safety, because you will be wrong sometimes

What Morgan Housel actually said

  1. Morgan Housel Partner at Collaborative Fund and author of The Psychology of Money
    the example that I always use is Bill Gates when he started Microsoft took the most audacious entrepreneurial swing that maybe anyone's ever taken of saying every desk in the world needs a computer on this and he's saying this in 1974 whatever it was crazy amount of risk crazy bold Vision at the same time he said that he always wanted Microsoft to have enough cash in the bank to make payroll for one year with no Revenue which is the most conservative pessimistic way to run a business so he's like very risk-taking and very conservative paranoid at the same time very good at getting rich very good at staying Rich at the same time

Added to korrents 9 Oct 2026 · How quotes work · Something wrong? Tell us

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