Multi-Billion Dollar Advice

[Diogo Marques]

What i learned by personally speaking 1 hour with the billionaires Howard Marks and Alexandre Soares dos Santos After 2 years living of the proceedings of the sale of my previous company, about 200 books, personal encoubters and almost 30 direct interviews you come to the conclusion that you need to: 1/find what people want and figure out a way to provide them that 2/connect that with your interests so you can follow it with everything you got 3/embrace your strengths and weaknesses and figure out a way to protect yourself where you are unreliable 4/estimate the % of succeeding and the % of failing so you won't get burried. 5/develop a plan 6/assign the stuff to people like you that can get you what you need, treat them with respect and show them you are grateful for their work 7/look for a steady recurring source of revenue 8/sustainable steps. No more than you can chew 9/Look for business comps so you'll know you are probably going to get the same results as the average. Forget outliers unless you actually know and can implement something others can't or won't 10/Assign a barrier to entry score, so you can assess that you business is going to be sustainable 11/Make sure it is an actual business where you have daily customers/deal flow and not a one per month client thing 12/Don't jump on it unless you see yourself still doing it for the next 30 years 13/Be willing to do controlled experiments and get feedback from believable people everytime you come up with an hypothesis so you can correct your interpretation of reality. You are not failing you are experimenting 14/Be grateful for being aware and always see the best in people around you 15/Be independent 16/Love yourself and close ones, because in the end no one cares more about your health, money, social surroundings, knowledge and time than you. Be great, nothing else pays. Diogo