Auction-driven markets accentuate mispricing — wait for the weird thing that makes no sense, then bet big.

Go From $10k to $1M in 3 Years With This Strategy | Mohnish Pabrai · Codie Sanchez

Before entering a market, ask: is it big and interesting, can we make it better, and is it a good business to be in?

Michael Rubin on Building Fanatics Into a Billion-Dollar Empire (Boardroom cover story) · Boardroom (Rich Kleiman)

A research org wins by concentrating compute on a few big bets and disbanding the rest — not by letting a bottom-up credit market allocate it.

Why Google failed to make GPT-3 + why Multimodal Agents are the path to AGI — with David Luan of Adept · Latent Space (swyx & Alessio)

Replace volatile reward spikes with continuous micro-rewards to sustain user engagement indefinitely

How the World Became a Casino (With Natasha Schüll) — 404 Media · 404 Media

Turn structural exclusion into a risk tolerance that insiders can never match

Can 'The World's Craziest Investor' Teach You About Risk? · Lionel Barber

Understand and navigate big debt crises using the four levers of deleveraging

Big Debt Crises · Ray Dalio

Validate with small bets before committing big resources

Jim Collins — Good to Great — The Knowledge Project #67 · Jim Collins

Set bold 10-30 year goals that galvanize the entire organization

Built to Last: Successful Habits of Visionary Companies · Jim Collins

Set bold, clear, compelling goals that energize the entire organization and stimulate extraordinary progress through audacious commitment

Built to Last · Jim Collins & Jerry I. Porras

Find your mission at the cutting edge of your field, not in advance of getting there

So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love · Cal Newport

Bet big, win big

Elon Musk Tesla, SpaceX, and the Quest for a Fantastic · Ashlee Vance