Buy Wins, Not Players

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The insight from the snip is about shifting the focus from buying players to buying wins in baseball. By delving deeper into the statistics and new ways of thinking, it emphasizes the importance of understanding the game at a fundamental level to make better decisions. The snippet underscores the significance of prioritizing the goal of buying wins by focusing on buying runs, rather than simply buying players. It highlights the concept of first principle thinking in the industry, guiding individuals to question their objectives and strategies to achieve success.

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Todays show:

Lon Harris joins Jason Calacanis to discuss concepts in business, drawing parallels from Moneyball. The two dive into the significance of embracing paradigm shifts (15:38),first-principle thinking (27:16), Billy’s 'Adapt or Die' philosophy (48:54), and the turning point for the A's (1:11:20).

Timestamps:

(0:00) Lon Harris joins Jason

(7:35) Mantle - Get your first 12 months free at https://withmantle.com/TWIST

(8:53) Moneyball cast breakdown

(15:38) Paradigm shifts in Moneyball: Comparing the Oakland A's situation to startups vs. incumbents

(21:19) Paradigm shifts in Moneyball: Making data-driven decisions

(26:24) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

(27:16) The important concept of "First-Principle Thinking”

(35:03) MEV - Get $30,000 off your first three months at http://mev.com/twist

(36:34) Globalization's impact on startup opportunities and the importance of a unified team vision

(48:54) Billy's philosophy: Adapt or Die!

(59:20) The "burn the boats" moment and the importance of commitment in business