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Brent Beshore @BrentBeshore
, 8 tweets, 2 min read Read on Twitter
A day late to the @wolfejosh via @trengriffin party. It's peppered with common sense and nuanced logic. Here are some of my favorites...…
Market inefficiency, especially in knowledge, is a key criterion for selecting a game of skill.
"Uncertainty itself is like gravity, always present if not always felt and sometimes defied.”

Humility recognizes and respects the dispersion of potential outcomes.
"I am 100% certain that Lux will be investing in the most cutting-edge, crazy things that you can imagine in the next two years...I have no idea what those things will be. None...near 100% certainty where we will find those things.”

Directionally rigid, detail flexible.
“What can you do, or what can you assert that you can do that will scare competitors that nobody else can do? From that flows good unit economics.”

Edge always shows up in gross margin. A successful business is good unit economics at scale.
"You need the storyteller, and you need the executor and the operator.”

The biggest harvest comes from a team of plough horses working alongside show ponies.
“The higher the price you pay, the lower your expected return.”

Nothing, including a moonshot bet, escapes the gravity of price.
"I keep records of people that have made really bad decisions...Failure comes from a failure to imagine failure.”

The most reliable path to being smart is avoiding stupidity. Said differently, rule #1 is don’t blow yourself up.
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