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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 Part Two: Steer Chapter 9 Batch

Small Batches in Entrepreneurship

- The goal in Lean Startup is to learn as quickly as possible on how to build a sustainable business

Apple produce a new version of flagship once a year

How to batch effectively? Work on a single feature collectively than multiple features simultaneously. When there is a defect, notify everyone and fix it immediately. Team must be blocked from introducing any new features until the problem is fixed.

Continuous Deployment Beyond Software

Hardware becoming software with the electronics' future is determined by the age of the software

Fast production changes, new versions can be produced quickly

3D printing and rapid prototyping tools can help to build small batches at a lower cost and faster than injection molding

The ability to learn faster from customers is the main competitive advantage that all startups must possess

Pull, Don’t Push

The ideal goal is to achieve small batches all the way down to single-piece flow along the entire supply chain.This is the Toyota method

Identify customer wants and run experiments that will help to build sustainable business


Read The Lean Startup by Eric Ries Chapter 8 full summary here 👇:
http://mysweetluck.blogspot.com/2020/06/the-lean-startup-by-eric-ries-summary_15.html

Watch The Lean Startup by Eric Ries Chapter 7 full summary here 👇:
https://youtu.be/-hNUjjqnaAw

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