A Quote by Mohnish Pabrai
Talking to people is beneficial if you can identify the right people to share ideas and discuss decisions because everyone has blind spots, and others can sometimes catch yours. I think an investment team is a bad idea, but it is a good idea to talk to trustworthy individuals who do not have biases or interests.
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There's this famous observation that I totally believe: Great startup ideas are the ones that lie in the intersection of the Venn diagram of 'is a good idea' and 'looks like a bad idea.' So you want most people to think it's a bad idea and thus not compete with you until you get giant. But for it to secretly be good.
We should invest in people not ideas. A good idea is often destroyed by bad people and good people can always make a bad idea better.
I've always hated religion. It's the most guilt-ridden, horrible thing. 'My God is better than yours, and I'm going to fight you and kill you because of your religion.' I think it's just a sick idea. You know how people are color-blind when it comes to other people - I mean, hopefully they are. Well, I'm religious-blind.
It is important to stop being critical and judging ideas as good or bad because I think if somebody doesn't have a lot of experience you worry their idea is going to be bad, it's not going to be good enough, if not going to be active enough and so you can start to think critically about people's suggestions or what they bring to it but once you get out of that and think whatever they come up with is the right thing right now and so I'm just going to build on it just makes everything so much easier and better.
The quality of an idea does not depend on its altitude in the organization...An idea can be from any source. So we will search the globe for ideas. We will share what we know with others to get what they know. We have a constant quest to raise the bar, and we get there by constantly talking to others.
If anyone says, 'Does anyone have any ideas on this?' I sometimes think, 'I'm not going to say that because it's stupid.' But now I'm like, 'Actually, I can have an idea and if it's not right, it's not right.' I'm a grown adult and I'm allowed to have an opinion or an idea.
A great idea can't succeed without a great operator. But rarely can a great operator squeak by with a bad idea. So, as pithy as it sounds to say 'It's all about the people,' I only invest when I think I have found the right team for the right business.
Most people think it's all about the idea. It's not. EVERYONE has ideas. The hard part is doing the homework to know if the idea could work in an industry, then doing the preparation to be able to execute on the idea.
Because 98 percent of our ideas are not great ideas, or everyone would be a billionaire. So yeah. That's something people have had a lot of experience in: being told our idea is bad or our performance is bad. I think that's the one common thread between all working actors is that they have a pretty thick skin - or you'd like to hope. You're used to rejection, that's for sure.
I think that to be a good artist, you have to have ideas as well as manual skills. It's a blend of the two, hopefully, and there are a lot of people there that can do things well, but they might not be devoid of good ideas or maybe they're not especially interesting ideas, or maybe there's a good idea that a person is unable to execute in the manner that does justice to the idea.
Great minds discuss ideas. Average minds discuss events. Small minds discuss other people. Life's too short to worry about what other people do or don't do. Tend your own backyard, not theirs, because yours is the one you have to live in.
The economic analysis of law has had many good ideas. It's had one great idea -like, world-transforming idea, I think. And the idea is, when you're stuck, minimize the sum of the costs of decisions and the costs of errors.
Whether or not regime change is a good idea or a bad idea. I don't think because I think the regime change was a bad idea it means that Hussein was necessarily a good idea.
I have a simple rule: when I'm on TV, I'm not talking to just my anchor or my colleague on my right. I'm talking to America. I look into the lens, and in my head, I'm talking to somebody in Nebraska. Why Nebraska? Why the Cornhusker State? I have no idea. But it feels like it's a good place to talk to people.
Nothing of any consequence happens unless people get behind an idea. It begins with an individual and they share the idea with more individuals-and eventually it becomes a movement.
You can make an idea spread for good but you can also make an idea spread for bad and the power to make an idea spread, memetics, you know which now people talk about memes.
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