Are You Right Every Single Time?

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The best quant hedge funds in the world bat 50.001%. The question isn't, are you right every single time and you have to seem invincible? With enough bats and enough at bats that your aggregate can be very high. Steve Jobs was wrong at a lot of stuff. There was even a time where he said like, no one will ever want to watch video on the iPod. But who cares if you come around and realize your mistake and fix it? It becomes just like you said, harder and harder when you ego grows.

Kevin Systrom is the co-founder and former CEO of Instagram. Please support this podcast by checking out our sponsors:
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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(08:26) – Origin of Instagram
(50:33) – New social networks
(1:09:38) – Selling Instagram to Facebook
(1:32:40) – Features
(1:36:47) – Facebook
(2:13:28) – Whistleblower
(2:24:47) – Machine learning
(2:34:45) – Advice for startups
(2:40:37) – Money
(2:46:37) – Love
(2:48:54) – Meaning of life