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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 One: Vision Chapter 4 Experiment

From Alchemy to Science
A true experiment must follow scientific method where the important lesson is if you cannot fail, you cannot learn
Start with a clear hypothesis that makes predictions

Think Big, Start Small

Zappos, the most customer-friendly e-commerce business in the world started by running an experiment
Zappos began with a simple product to identify demand for shoes online
Interacted with real customers and learn about their needs
The experiment provided a clear quantifiable outcome

For Long-Term Change, Experiment Immediately
Caroline, Global Social Innovation division Director at HP and her goal was to inspire her colleagues to make the world a better place
By starting small, Caroline can prevent a tremendous amount of waste 

Break it Down
First step: break down the grand vision into its component parts
Value hypothesis tests whether a product or service really delivers value to customers once they are using it
Growth hypothesis tests how new customers will discover a product or service example by getting early adopters

An Experiment is a Product
An experiment is a first product enlisting early adopters to change it until it becomes better
Kodak uses these questions to embrace experimentation:
Do consumers recognize that they have the problem you are trying to solve?
If there was a solution, would they buy it?
Would they buy it from us?
Can we build a solution for that problem?

The Village Laundry Service
Experimented with a low cost marketing plan to see whether customers would hand over their laundry and pay for it
Learned what the customers wanted and for what features they are willing to pay more
Served that features and eliminated all the features that concerned them and became a big success

Read The Lean Startup by Eric Ries Chapter 3 full summary here 👇:
http://mysweetluck.blogspot.com/2020/06/the-lean-startup-by-eric-ries-summary.html

Watch The Lean Startup by Eric Ries Chapter 3 full summary here 👇:
https://youtu.be/xLyl0HZqhWs

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