As Andy Jassy (CEO of Amazon) discusses in Leadership Principles Explained (a short free Audible audiobook), Amazon was struggling with figuring out how to incorporate 3rd Party listings into Amazon’s marketplace.Amazon later realized that they should just incorporate it into Amazon’s main marketplace rather than have it as a separate marketplace. As he admitted, that was a somewhat obvious better solution to what the solutions Amazon was previously pursuing.That’s a classic example of why an outside perspective can be very helpful. When only inside experts are working on something, they miss out on what an outside non-expert would see.Despite Amazon…
As part of my ongoing Informal Education PhD degree from Non-Existent University, I’m currently listening to Start Your Own Corporation by Garrett Sutton.I’d recommend it, and I’d highly encourage most any near millionaires (which definitely does not include me) to utilize LLC(s) and/or corporation(s) ASAP. (I purposefully didn’t mention limited partnerships in that.)It goes over the good entities (LLCs, corporations, limited partnerships) as well as topics related to them.The bad entities are sole proprietorships and general partnerships (which is what essentially any entity is by default). IMO, general partnerships are significantly worse than sole proprietorships and should be heavily avoided.If…
This is a business idea I devised only during the later part of today (2025-3-31)… a Drizzle Fund.A Drizzle Fund is a somewhat actively and somewhat passively managed fund, and is operated similar to how some middle-class value investors dabble in the stock market by themselves. A Drizzle Fund is a better type of fund for value investors.A Drizzle Fund only buys, holds, and sells stocks in qualifying stock exchanges. A qualifying stock exchange must have strict reporting requirements, and must have a proven track record for any stock having significant positive returns that outpace inflation on average.All of that…