Making Media

Our 12 Most Influential Business Essays with Packy McCormick - [Making Media, EP.06]

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Feb 23, 2023
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ANECDOTE

Graham Duncan's Realism

  • Graham Duncan's "Letter to a Friend Starting a Fund" offers a brutally honest perspective on the realities of the investing world.
  • It highlights the emotional and psychological challenges, prompting Matt Reustle to consider entrepreneurship.
INSIGHT

Positional Scarcity

  • In an age of abundance, positional scarcity through curation, prestige, and access helps you stand out.
  • Businesses can leverage the intersection of these elements for unique opportunities.
ANECDOTE

Morgan Housel on Tail Risks

  • Morgan Housel's personal story about losing friends in a skiing accident shaped his risk tolerance.
  • This experience made him realize the importance of guarding against tail risks.
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