Chapter
Firing Bullets Than Firing Cannonballs
2:08:02 - 2:15:17 (07:14)
In extending a flywheel, firing bullets first and then a cannonball with empirical validation can give a big burst of momentum into a validated big bet. This principle is called firing bullets than firing cannonballs, which is different than pure analysis, and can expand the flywheel in a new direction.
Clips
The key to extending a flywheel of success in any business is to fire bullets (small experiments) to validate a hypothesis and then calibrate the cannonball (big investment) for massive momentum.
2:08:02 - 2:11:02 (03:00)
Summary
The key to extending a flywheel of success in any business is to fire bullets (small experiments) to validate a hypothesis and then calibrate the cannonball (big investment) for massive momentum. This principle is known as "firing bullets than firing cannonballs."
ChapterFiring Bullets Than Firing Cannonballs
Episode#632: Jim Collins — A Rare Interview with a Reclusive Polymath (Repost)
PodcastThe Tim Ferriss Show
An option to come back has negative value on a creative path according to an interviewee's conversation with Irv.
2:11:02 - 2:12:14 (01:11)
Summary
An option to come back has negative value on a creative path according to an interviewee's conversation with Irv. Taking away the option of retreat and going all-in maximizes the chances of success.
ChapterFiring Bullets Than Firing Cannonballs
Episode#632: Jim Collins — A Rare Interview with a Reclusive Polymath (Repost)
PodcastThe Tim Ferriss Show
Jim Collins discusses decision making and the importance of the flywheel effect, as described in his book, "Turning the Flywheel."
2:12:14 - 2:13:16 (01:01)
Summary
Jim Collins discusses decision making and the importance of the flywheel effect, as described in his book, "Turning the Flywheel."
ChapterFiring Bullets Than Firing Cannonballs
Episode#632: Jim Collins — A Rare Interview with a Reclusive Polymath (Repost)
PodcastThe Tim Ferriss Show
Life is about doing meaningful things with people you love and spending time with loved ones in a state of flow.
2:13:16 - 2:15:17 (02:00)
Summary
Life is about doing meaningful things with people you love and spending time with loved ones in a state of flow. Ultimately, life is people.