My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“unconditional meaning their happiness is not contingent on anything I find that absolute superpower”
What It Means
People whose mood and performance don't depend on external circumstances have significant advantages
Why It Matters
Challenges conventional wisdom that meticulousness and optimization are always superior traits
When It's True
In uncertain, fast-changing environments where adaptability matters more than perfection
When It's Risky
In situations requiring extreme precision, safety protocols, or where standards truly matter for outcomes
How to Apply
Hire for attitude and adaptability over pure technical optimization
Build systems that work in imperfect conditions
Practice maintaining positive outlook through setbacks
Example Scenario
“Startup founder maintains team morale and good decision-making through multiple pivots and challenges, ultimately finding success through persistence rather than perfect planning”
Related Knowledge
what an opportunity
Reframing setbacks and mistakes as chances to learn and improve rather than failures to regret
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.
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.
Simple businesses consistently executed beat complex innovative ones
Focus on execution excellence and long-term consistency rather than seeking innovative disruption