Warren Buffett on valuations today…

“I don’t think anyone at this table has any idea of how to use it [$189B in cash] effectively, and therefore we don’t use it. We only swing at pitches we like… today things aren’t attractive. We’re not using it at 5.4%, but I wouldn’t use it…

If you invented a product.

Created art.

Launched a business.

YOU must rep your work.

You must stop being embarrassed about the audacity of putting yourself out there.

Speak.

Dissociate.

The universe made YOU the steward for something magical that has no voice.

🔥⛵️

Two CEOs at F1 today told me they now invoke the phrase “burn the boats” when motivating their teams to go all in.

Hadn’t used it until reading my book.

Thank you to everyone around the world who embraced my work!

You motivate me to 🔥⛵️for Burn the Boats.

破釜沉舟

Inevitable period of stagflation coming.

Unemployment will rise faster than prices will fall.

Don’t believe the 70’s will call asking for their decade back.

But ugly for a hot minute.

AI driven productivity and wealth creation will eventually deliver us from darkness.

If you want to understand the art of the possible, visit Miami’s design district.

From warehouses to the highest concentration of luxury brands in the world thanks to LVMH

8pm at night, few cops, no crime, clean sidewalks.

Yet we accept as unavoidable rampant crime at…

'I got a great idea for a business,' begins the pitch. 'I'll give you equity if you run with it.'

Then I break the news.

'If it's not worth your time, why do you think it's worth mine?:

Everyone's got big ideas.

Winners actually execute.

🔥⛵️

A crisis is not punitive.

It is benevolent.

You haven’t been targeted.

You’ve been gifted.

An opportunity for growth.

Don’t waste it.

🔥⛵️

amazon.com/Burn-Boats-Ove…

If you invented a product.

Created art.

Launched a business.

YOU must rep your work.

You must stop being embarrassed about the audacity of putting yourself out there.

Speak.

Dissociate.

The universe made YOU the steward for something magical that has no voice.

🔥⛵️

Be very suspicious of an unusually fast yes because it’s usually a slow no in disguise.

Say hello to Freddie.

She lives in the Barnes & Noble window in the NYC flagship at 555 5th Ave.

Even Freddie dreams of going all in.

Just once.

She can’t but YOU can.

Don’t waste this gift of life.

Burn the Boats 🔥⛵️

What’s your one dream you would burn the boats for?

So important you would cut off all means of retreat in order to achieve it?

Benita Kasbo, Kasbo’s Market Founder you start.

And Josh.

You too Gweiman

🔥⛵️

'The part that is showing cracks in his leadership style is this cultural immaturity around some of his behaviour,' says Matt Higgins after Elon Musk laid off Tesla senior executives in fresh job cuts. $TSLA

Career advice:

The more you think like an owner, the sooner you’ll be one.

What do owners think about?

Value creation.

If you master value creation, you become indispensable.

Being indispensable creates leverage.

Those who have leverage call the shots.

🔥⛵️

Career advice:

The more you think like an owner, the sooner you’ll be one.

What do owners think about?

Value creation.

If you master value creation, you become indispensable.

Being indispensable creates leverage.

Those who have leverage call the shots.

🔥⛵️

People who love taking victory laps end up not having many victories.

People who love taking victory laps end up not having many victories.

$lly now worth more than Tesla after today’s strong guidance raise.

BREAKING: 43% of small businesses were unable to pay their rent in full in April due to economic headwinds.

That’s the highest rent delinquency rate since March 2021, per Bloomberg.