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management by objectives gives people room to maneuver and to express themselves; or they can be stressful, disheartening places constrained by a thicket of rules, procedures, budgets, and arbitrary targets.
“I think it’s important to reason from first principles rather than by analogy. The normal way we conduct our lives is we reason by analogy. [With analogy] we are doing this because it’s like something else that was done, or it is like what other people are doing. [With first principles] you boil things down to the most fundamental truths…and then reason up from there.”
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“Being the richest man in the cemetery doesn't matter to me. Going to bed at night saying we've done something wonderful... that's what matters to me.”
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“My model for business is The Beatles. They were four guys who kept each other kind of negative tendencies in check. They balanced each other and the total was greater than the sum of the parts. That's how I see business: great things in business are never done by one person, they're done by a team of people.”
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“I think it would be great to be born on Earth and die on Mars. Just hopefully not at the point of impact.”
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“My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.”
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Frank Luong’s 2025 Year in Books
Take a look at Frank Luong’s Year in Books, including some fun facts about their reading.
401 books
|
62 friends
976 books
|
364 friends
247 books
|
171 friends
499 books
|
125 friends
487 books
|
215 friends
28 books
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73 friends
702 books
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610 friends
92 books
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91 friends
More friends…
Favorite Genres
Polls voted on by Frank Luong
Lists liked by Frank Luong
