#MwMnuggets
Idea vs Execution - which is better --
Let's say we have a great idea. An idea that will change the world. It's brilliant. You can make $2B. Maybe $10B. But not everyone can translate an idea into product/service that can reach masses
(1/9)
Idea vs Execution - which is better --
Let's say we have a great idea. An idea that will change the world. It's brilliant. You can make $2B. Maybe $10B. But not everyone can translate an idea into product/service that can reach masses
(1/9)
Asn example, I'm not good at filling out my taxes. Thanks to my CA for helping me out with that.
When we have one piece of a puzzle but someone has another piece of the puzzle, then we have to let them help us. But what if they want 95% of the profit or share?
(2/9)
When we have one piece of a puzzle but someone has another piece of the puzzle, then we have to let them help us. But what if they want 95% of the profit or share?
(2/9)
Here are few examples --
Example 1:
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Netscape IPO happened in 1995. When i read about it, i was completely astonished. Marc Andreesen, who wrote the software, only ended up with like 5% of the company. Jim Clark and James Barksdale got a lot of the rest.
(3/9)
Example 1:
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Netscape IPO happened in 1995. When i read about it, i was completely astonished. Marc Andreesen, who wrote the software, only ended up with like 5% of the company. Jim Clark and James Barksdale got a lot of the rest.
(3/9)
But if we think about it more deeply, it dawned on me that without Jim and Jame, this software would never have left the lab. And now Marc (who wrote the software) is rich anyways😊
But, the pair took it to the masses in a large scale. Awesome execution, that was
(4/9)
But, the pair took it to the masses in a large scale. Awesome execution, that was
(4/9)
Example 2:
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Another brilliant example is PayPal
Peter Thiel ( Paypal.com ) and Elon Musk (X.com by then) were going head to head on destroying each other through competition. How did they solve the problem? They merged 😀
(5/9)
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Another brilliant example is PayPal
Peter Thiel ( Paypal.com ) and Elon Musk (X.com by then) were going head to head on destroying each other through competition. How did they solve the problem? They merged 😀
(5/9)
When PayPal finally sold to Ebay for $1.5 billion, Peter Thiel, the founder of PayPal had just 3% stake on it. Did he care? Of course not. He took 1% of what he had made and invested it in a tiny website called Facebook (by then). And the rest is history 😊
(6/9)
(6/9)
Great ideas happen to individuals.But great executions happen in groups
In trading, executing the idea is far more important than just an idea(strategy). Having a great idea (or looking for one) is all great but the bottom-line depends on how well we 'execute' the idea.
(7/9)
In trading, executing the idea is far more important than just an idea(strategy). Having a great idea (or looking for one) is all great but the bottom-line depends on how well we 'execute' the idea.
(7/9)
Once a trader has a positive expectancy system (based on historical backtesting for several years), all he/she needs to do is to focus on execution (rather than system jumping).
Rest assured, slowly but steadily, things will fall in place 👍
(8/9)
Rest assured, slowly but steadily, things will fall in place 👍
(8/9)
Once we adhere to the process (execution), a trader can increase his lot size and size dictates money. No two ways about it
It is stunning to see that many dont think in these lines
Would you wanna make 300 pts in 10 lots or 100 points in 200 lots? Pls think about it 😊
(9/9)
It is stunning to see that many dont think in these lines
Would you wanna make 300 pts in 10 lots or 100 points in 200 lots? Pls think about it 😊
(9/9)
