I think the most important lesson I’ve learned in the past year is to always have leverage. The concept of leverage has been around since the dawn of time, but capitalism seems to have exported it on a grand scale. It scales so well because the principles are so fundamental.

Leverage eliminates the need for instruments like trust. No need for trust equals speed because things are binary. “In good faith” gets replaced by the next best alternative and life goes on.

  1. ymfy posted this