Since the agricultural, and more recently the industrial revolution, specialization has been one of the key drivers of human economic progress. It allows for a unique win-win situation: You focus on what you do best. I do what I do best. Then we trade. In total, we produce better and more things, which keeps increasing…
Tag: Strategy
The 100-Year Company
When reading Let my people go surfing by Yvon Chouinard, one idea stuck with me: The 100-Year Company! The idea is simple. Pretend you are building a company that will flourish 100 years from now. Then use this mindset for your short- and mid-term decision making. Here is Patagonia’s 100-Year mission:“Build the best product, cause…
There is always a move
A couple of months ago, I played chess against a youngster (maybe 13 or younger). I lost the game. We both played quite bad, and I played even worse. It was quite embarrassing. So I took this opportunity to renew my love for chess. I tried some chess apps and quickly decided that Chess.com app was the…
Focusing on key metrics
I often suffer from statistics paralysis. Too many metrics, too many moving parts, too much stuff to optimize. Over the years, I’ve learned that it’s helpful to pick just one or two key metrics to focus on. When I joined Exsila, my initial key metric was number of trades. But somehow it just didn’t feel…