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“If everything you do needs to work on…

“If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people…if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people, because very few companies are willing to do that.”

Jeff Bezos, http://99u.com/articles/7255/the-jeff-bezos-school-of-long-term-thinking

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Investing too much in the status quo

Every morning the Rabbit repeated a quote to himself before he rolled out his bed.  It was part of his morning routine, “Make mistakes of ambition, not mistakes of sloth.” By the time he arrived at his office, he had already planned his morning speech to his team. Later that morning, Rabbit said to his team “go out there and make mistakes, be ambitious and make things happen. Everything you do won’t work out, but remember the Hare. He was scared to evolve and change and now his company doesn’t exist.” That won’t be us.

Lesson: This post is inspired by Seth Godin’s post “Two kinds of mistakes.” As Godin’s post said, “…the error of investing too much time and energy in keeping things as they are. And then there is the mistake made while inventing the future, the error of small experiments gone bad. We are almost never hurt by the second kind of mistake and yet we persist in making the first kind, again and again.”

Image courtesy of piyato / FreeDigitalPhotos.net