Investment vs. Speculation
I reread Enough.: True Measures of Money, Business, and Life by John C. Bogle over the weekend. I’d read it in 2012 and it had a huge impact on me.
I reread Enough.: True Measures of Money, Business, and Life by John C. Bogle over the weekend. I’d read it in 2012 and it had a huge impact on me.
Last week I was scheduled to do a live interview with Eliot Peper about The Entrepreneur’s Weekly Nietzsche. He opted to use Twitter Spaces and diligently tested it out a couple of days beforehand to confirm that it would work. Nevertheless, we immediately ran into difficulties, and after ten minutes, we decided to bail on the interview and reschedule. This reminded both me and Dave about our chapter in the book, “Play to the Audience.” Nietzsche says:
CU’s Silicon Flatirons Center Startup Summer is back! Startup Summer provides a fantastic experience for college-age students and interns interested in entrepreneurship and the Front Range emerging company scene. Startup Summer is a free offering that enhances your company’s internship program. Your company hires and pays your intern(s). You can hire an intern out of your own pool of candidates or, alternatively, let us know and we will get you student resumes from individuals who have reached out to us.
“Turn off the TV and go outside and play.” I expect these are words that have been said in almost every household in America. Amy and I hit the bottom of the TV barrel last week while watching Army of the Dead. It was so awful it was good. But it was awful. And … It’s June 1 and I’m done for the summer. No TV until Labor Day weekend. And then, maybe no TV after that.
Most of the quotes we discuss in The Entrepreneur’s Weekly Nietzsche we found by reading his work, but a few are well-known lines that you may have heard before. This is one, used in our chapter “Monsters”: He who fights with monsters should be careful lest he thereby become a monster. And if thou gaze long into an abyss, the abyss will also gaze into thee. The quote leads quickly to questions of ethics. In the chapter, we discuss the fact that we each have our own views of what constitutes ethical or unethical behavior in business. It is a line-drawing game – there is no reference that everyone agrees on. The choices have both short- and long-term consequences for both the success of your business and for your own reputation. Further, once you choose an ethical approach, it becomes entrenched in your organization and is difficult to change.
My newest book, The Entrepreneur’s Weekly Nietzsche: A Book for Disruptors, shipped today. It’s available on Amazon in Kindle, Paperback, and Hardcover. If you are so inclined, go buy a copy today! I’m particularly proud of this book, as it is a more philosophical approach to entrepreneurship than my other books. I wrote it with Dave Jilk, the co-founder of our first company (Feld Technologies, 1987) and one of my closest friends for 38 years.
Six months ago I wrote When The Big Companies Show Up about Sony releasing their first holographic display and what I thought about that development, given my role as an investor via Foundry and board member in the 40-person purveyor of fine holographic interfaces in Brooklyn called Looking Glass. In that post, I wrote: “When I ponder my life in 2040, I am confident that I will not be spending 12 hours a day in videoconferences on a 2D display. I’m also not going to have a headset encapsulating my face. I’m ready for my holographic future, and I’m having fun being an investor in a company that helps create it.”
My newest book, The Entrepreneur’s Weekly Nietzsche: A Book for Disruptors, comes out next Tuesday, May 25th. This has been an on-again, off-again project with Dave Jilk that began in 2013. We were spending the weekend in Keystone with our wives (Amy and Maureen), which generally involved a lot of sitting around reading. Dave was reading On Nietzsche by Eric Steinhart. He read a quote to me and asked if I thought it sounded like an entrepreneur. Dave remembers me saying, “Hmmm, it sure does.” Then we both went back to our books.
I recently nominated James Oliver’s ParentPreneur Foundation for the new Techstars Accelerate Equity Program. Amy and I provided the lead gift of $100,000 through our Anchor Point Foundation. For a detailed look at what the ParentPreneur Foundation does, take a look at Techstars Foundation Empowers Black ParentPreneurs, So They Can Leave A Legacy For Their Children. Through Accelerate Equity, the Techstars Foundation identifies early-stage nonprofits and ideas to empower and support underestimated entrepreneurs. We then call on the Techstars network to pitch in. The Techstars Foundation will add a 5% match to the total raised at the end of the calendar quarter.
I’ve been reading hard science fiction lately, along with some actual science. The hard sci-fi includes Dragon’s Egg and Starquake by Robert Forward (wow – awesome) and Nova by Samuel Delany (also awesome). The science includes The God Equation: The Quest for a Theory of Everything by Michio Kaku and Fundamentals: Ten Keys to Reality by Frank Wilczek. In between runs this weekend I finished Nova (I was listening to it on Audible), Fundamentals (I was reading it on Kindle), and read most of Starquake (It’s only available in physical form.) I also started listening to Project Hail Mary by Andy Weir. The only thing that would have made this weekend better would be a third day to it, instead of the Monday in front of me.