yego.me
yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Lecture 14 - How to Operate (Keith Rabois)

less than 1m read
·Nov 5, 2024

So I'm going to talk about how to operate. I've watched some of the prior classes, and I'm going to assume that you've already sort of hired a bunch of relentlessly resourceful people, that you built a product that at least some people love, that you probably raised some capital, and now you're trying to build a company. So you've been forging a product, and now you've got to forge a company.

Actually, I argue forging a company is much more difficult than forging a product. The basic reason is people are irrational. You probably all know this—either your parents, your significant other, your brother or sister, your teacher, somebody in your life is irrational. Building a company is basically taking all the irrational people you know, putting them in one building, and then living with them 12 hours a day at least.

So it's very

Bill Ackman: The Biggest Investing Opportunity of Your Life
Glee! Hot Dogs! IMG! 9

More Articles

View All
Why the Smart Money is Buying Alibaba Stock
So we’ve talked about the business. We’ve talked about the risks. Now I wanted to explore why our super investors are buying into Alibaba. So if you’ve been living under a rock, in Q1 Charlie Munger and Monish Pabrai were buying. Then in Q2, Monash Pabrai…
The 'Great Rotation' is Here.
For more than two years, the primary theme that we’ve seen in the stock market has been a small selection of large cap technology names leveraged to AI and semiconductors driving the stock market forward: Apple, Amazon, Nvidia, Meta, Google, Microsoft, Te…
Mughal rule in India | 1450 - Present | World History | Khan Academy
As we’ve talked about in other videos, by the time we get into the 15th century, Timur’s Persia and Central Asia has been fragmented. You have many of Timur’s descendants with their own kingdoms, especially in Central Asia. In 1483, in the Central Asian c…
Meta's Creepy AI Celebrities
What if you were able to have your loved ones live on with you long after they’re gone, to hear their voice, experience their laugh, get their advice, and tell inside jokes that only the two of you know? If someone told you they could make that happen, wo…
From the Hunted to the Hunter | The Great Human Race
It’s thought that Homo erectus became the first early humans to actively hunt their prey, elevating themselves from scavenger to predator. “Bring it!” “Yeah, that’s absolutely dead sure! This is her first kill. We’re gonna make the most of this entire a…
Warren Buffett and Charlie Munger on How to Calculate Future Earnings
I have a question. When you’re valuing the companies and you discount back the future earnings, you talked about how many years out you generally go. If you don’t go out a general number of years, how do you arrive at that time period? Well, that’s a ver…