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One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong

The market, like individual stocks, can move in the opposite direction of the fundamentals over the short term Be optimistic about America and investing in general Market declines are great opportunities to buy stocks in companies that you like You can never predict the market It takes years, not months to produce big results You can make serious money by compounding a series of 20-30 percent gains in Stalwarts Stock prices often move in opposite direction but the long term, the direct and sustainability of profits will prevail Buying a company just because its cheap is a losing strategy Selling an outstanding fast grower because its stock slights overpriced is a losing technique You don’t lose anything by not owning a successful stock Stock doesn’t know that you own it Don’t be attached to a winner Don’t stop monitoring the story If you don’t think you can beat the market then buy a mutual fund Keep an open mind to new ideas Read One Up On Wall Street by Peter Lynch Chapter 19 full su...
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The Lean Startup by Eric Ries SUMMARY - Introduction

Eric Ries introduction:
Failed in earliest business venture during dot com bubble
Spent all the money, couldn’t raise more capital
Failed because of lacking knowledge on the process to turn product insights into a great company
Learned that startup success can be engineered
Second startup succeeded by doing everything wrong instead of spending years to perfect the product
Built a minimum viable product for early adopters and improved it constantly.


Origins of The Lean Startup
After numerous business venture failures, partnered with Steve Blank and learned Customer Development concept
Studied other industries such as Toyota manufacturing
As a result of success in the new venture, others began to ask for advice
Started a blog Startup Lessons Learned and eventually The Lean Startup idea blossomed globally
Eric Ries’s mission now: to improve the success rate of new innovative products worldwide

The Lean Startup Method
1. Entrepreneurs are everywhere and The Lean Startup approach can work in any size company
2. Entrepreneurship is management that is specifically geared to it’s context of extreme uncertainty
3. Validated learning by running frequent experiments to test each element of vision
4. Build-Measure-Learn. Geared to accelerate feedback loop 
5. Innovation accounting to improve entrepreneurial outcomes and hold innovators accountable

Why Startups Fail
-    First problem; allure of a good plan, strategy and thorough market research  
Startups operate with too much uncertainty
Planning will work for stable and long term future
Second problem; adopting ‘Just Do It’ method

How This Book Is Organized
3 parts: Vision, Steer and Accelerate

Management’s Second Century
This book attempts to put entrepreneurship and innovation on a rigorous footing
The Lean Startup movement is to provide the tools to build the next big thing we need to change the world.

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