Outperforming the market long term is way easier than people say.What Avichal explains here is extremely interesting..."You don't have to believe crazy things to end up with really early interesting outcomes" but you might 'get punched in the face' along the way.This means you need to:- Understand log curves- Exponential growth and unthinkable outcomes are possible- Expect extreme 'power law' outcomes- Zoom out- Be willing to adaptDo not underestimate what DeFi will do in the long-term.We're still early in ...

RT a16z (@a16z)Most M&A doesn’t move the needle. The rare ones reshape industries.@balajis lays out the rulebook:1. Power law returns or bust2. 100x scale gap or it breaks your cap table3. Distribution leverage or it dies in integration"That’s why M doesn’t work, but A works." https://t.co/WQWBMPQn0v ...