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Bo Adams

Sustainable Sources of Competitive Advantage · Collaborative Fund - 0 views

  • The key to business and investing success isn’t finding an advantage. It’s having a sustainable advantage.
  • That leaves doing something others aren’t willing to do as the top source of sustainable competitive advantage. Here are five big ones.
  • “strong beliefs, weakly held,”
  • ...5 more annotations...
  • “the curse of knowledge,”
  • Business success doesn’t necessarily go to those with the best product. It goes to whoever is the most persuasive.
  • Most business edges are found at the intersection of trust and simplicity.
  • Having no appetite for being wrong means you’ll only attempt things with high odds of working. And those things tend to be only slight variations on what you’re already doing, which themselves are things that, in a changing world, may soon be obsolete.
  • “If you double the number of experiments you do per year, you’re going to double your inventiveness.”
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    HT Christian Talbot
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