recovering economist
Here are the 3 rules of craps:
Because trading can be like playing craps.
And come to think of it – these could be the rules of business too.
“Playing craps at Vegas has taught me three rules that I find indispensable in trading: DIVORCE YOUR EGO FROM THE GAME. MANAGE YOUR MONEY. CHANGE TABLES AFTER A WINNING STREAK.”
–Martin Schwartz, Pit Bull
This is so simple.
So clear.
Maybe we need to stop making everything so complicated.
Stop the overthinking it all.
What are the 2 keys to business success?
The 2 Sentence MBA
1. Sell things for more than you pay for them.2. Save more than you spend.
How often have we seen others screw up companies and destroy dynasties by ignoring these two?
“We trusted our instincts, and stuck to the two tenets of my philosophy: Sell things for more than you pay for them, and save more than you spend. Simple, yes, but that is the philosophy that ultimately led to a really big business.”
-Sophia Amoruso, #Girlboss