My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Simple businesses consistently executed beat complex innovative ones
Evidence
Andrew Wilkinson built $600M company from basic web agency. Harvard makes billions from centuries-old education model.
Implication
Focus on execution excellence and long-term consistency rather than seeking innovative disruption
Counter Belief
Innovation and disruption create the biggest wealth creation opportunities
Example Application
Instead of creating new business model, perfect existing service delivery and use profits to acquire proven businesses
Related Knowledge
The Institutional Circle
Elite institutions (universities, pension funds) invest in private equity and hedge funds run by their own alumni, creating self-reinforcing wealth concentration loops.
Film Production Tax Credit Strategy
A legal tax strategy where wealthy investors finance films to claim 100% depreciation deductions immediately while using state tax credits and financing to minimize actual cash investment.
Harvard's Triple Business Model
A framework for understanding how elite institutions combine tax exemption (church), investment management (hedge fund), and premium services (luxury daycare) to create massive tax-free wealth generation.
Build acquisition-based holding company from profitable agency cash flows
$600M+ market cap holding company with diversified portfolio, minimal equity dilution, consistent cash generation from original agency funding acquisitions.
you put down 150k cash and you get a million dollar deduction
Film tax credits create massive leverage where small cash investments generate large tax deductions
unconditional meaning their happiness is not contingent on anything I find that absolute superpower
People whose mood and performance don't depend on external circumstances have significant advantages