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The theory guy never wins

vladmkrtumyan.blogspot.com

21–30 of 33 posts

Re: The theory guy never wins

#21
post #16

Here is a favourite passage of mine from Johns Stuart Mill autobiography (he is speaking of the demanding education his father arranged for him): I remember at some time in my thirteenth year, on my happening to use the word idea, he asked me what an idea was; and expressed some displeasure at my ineffectual efforts to define the word: I recollect also his indignation at my using the common expression that something…

great quote.

Re: The theory guy never wins

#22
post #12
post #6

What an icky mess of strawman and false dichotomy! Who is this "theory guy" that never wins in business - someone who does only theory, eh? I wonder how well the "practice guy", who acts without any thinking whatsoever, comes out in comparison. As an aside and fuel for furhter thought, here is one of my favourite quotes (from Less Wrong): "As a general idea, high level intellectual exploration should consume substant…

And what is the definition of winning? If you're a theoretical problem solver, you are probably getting your kicks from doing just that. And that's "winning" for you. Now if you only care for money, "winning" would naturally be when you reached your goal of making some. But a lot of people probably would consider winning just getting by being in the moment doing what thrills you (like thinking about how to make the p…

Nothing wrong with being a theoretical problem solver and yes I was defining winning by making money. Thinking about making a product is good, but taking action and then testing that result is even better, the point is get it in field, test it you can only theorize so much.

Re: The theory guy never wins

#23
post #17

Warren Buffet and Charlie Munger do a lot of reading. I think they win alright. See http://www.farnamstreetblog.com/2013/05/the-buffett-formula-... And if you're serious about reading or learning, this is great: http://www.farnamstreetblog.com/2013/07/seneca-on-reading/

I love Warren Buffet read his biography "the snowball effecet" and Charlie Munger as well. They win, but they also disqualify their ideas or theories as fast as possible and have arguably had the most experience as well trading stocks, Warren started at 13 and I'm sure he lost a lot of money. Warren was also mentored by the greatest at the time Ben Graham. I'm not saying you're wrong I'm saying he has a combination, also Warren arguably falls outside of this argument so do theoretical mathematicians and astrophysicists. I'm talking about building a product first then getting feedback.

Re: The theory guy never wins

#24
post #4

Dude, you need both. Perhaps you and your friends who don't read very much aren't very good at it to begin with? Literacy is a lifelong pursuit. Sorry if that seems harsh but I'm gonna react when a dude basically says that reading books will make you less successful. That is some ignorant bullshit.

I think the point is to deliver . You are better off delivering than talking. Shut up, sit down and get shit done so you can deliver .

Exactly! :) that was the whole point of the article...did it sound like I was telling people to shut up?...perhaps.

Re: The theory guy never wins

#25

Dude, you need both. Perhaps you and your friends who don't read very much aren't very good at it to begin with? Literacy is a lifelong pursuit. Sorry if that seems harsh but I'm gonna react when a dude basically says that reading books will make you less successful. That is some ignorant bullshit.

The people I'm talking about sold start ups for millions before. I also make a point to Mark Cuban who reads 3 hours a day and executes 8 hours. That is perhaps the best way to balance it. Gary Vaynerchuk on the other hand hates reading, he still grew a 50 million dollar business and still pushing forward. Bottom line is Action > Theory.

Re: The theory guy never wins

#26
post #5
post #4

Earlier quoted context omitted.

I think the point is to deliver . You are better off delivering than talking. Shut up, sit down and get shit done so you can deliver .

True story. I had to learn this after my studies. You have to get shit done or nobody listens to you. But I met many people who just learned this and not much else. They building huges piles of shit and sell them to people who don't know any better.

Good point. At the end of the day the people who build piles of shit may realize to re-iterate their product and stop building shit, but the people that never build shit in the first place don't get shit. ;)

Re: The theory guy never wins

#27
post #11
post #10

While you are blindly jumping into the claws of the tiger because your man-of-action guts tell you it's a lotus, I'll stick around to grab your wallet while he devours you. Signed, The Theory Guy P.S. Spending three seconds to think about why the fuck is a lotus flower striped and why it is purring like a cat could have saved you. Also, what the heck is a wantrepreneur? Is that the pretentious term for "someone who i…

And what is a entrepreneur anyways? Feels like the definition has shifted from being someone who has the job of starting up new businesses, to just running a business at all.

The debate on what an entrepreneur is will have a million definitions. I defined wantrepreneur by a guy who can't afford to follow his company/business full time. Nothing wrong with that, everyone starts at that stage.

Re: The theory guy never wins

#28
post #2

You have to learn how to execute, too. Creativity is theory, execution is putting it into practice.

Very true. I really like the James Altucher "idea muscle" theory of forcing yourself to write 10 ideas down a day to build up your idea muscle.

Re: The theory guy never wins

#29

Warren Buffett would seem to be the canonical example of a business guy who reads a lot . He seems to be successful.

Already talked about Warren to the other comment, but let me give a different angle. In Warren's early days he had insane business ideas and some worked, like selling used golf balls by swimming in ponds at courses. He learned a lot from action too, when he got to college he had 100k savings so he could then afford the theory. I think he proves most that doing both is best.
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