💸 The Neo Geo Pocket a handheld with potential, but unfortunate timing. Launched by SNK, the console entered a market already dominated by Nintendo and couldn’t keep up with the massive success of Pokémon. #BusinessLessons# #StartupInsights# #Nimblechapps# #ProductStrategy#

💸 The Apple Pippin was Apple’s first major attempt at entering the gaming industry and it failed almost instantly. Even giants learn the hard way. And sometimes, those failures shape their biggest future wins. #BusinessLessons# #StartupLearning# #ProductStrategy# #Nimblechapps#

Everything has happened before. Everything is repeated. But the mistake that had the biggest effect on me was in 1982. I had calculated that American banks had lent a lot of money to a bunch of countries that would not be able to pay it back. Mexico defaulted in August 1982, and while I was right about that part, I was completely wrong about the market. I thought the stock market was going to go down, but it went up because the Federal Reserve eased. I didn't just miss. I was publicly wrong and lost everything. I lost my company and all the people who worked for me—people who were like family. I was the only one left. I had to borrow $4,000 from my dad just to help pay my family bills. It was one of the most painful experiences I have ever had, but it was also one of the best. It completely changed my attitude about decision-making. It taught me to move from thinking "I'm right" to asking myself, "How do I know I'm right?" #RayDalio# #Principles# #Mindset# #BusinessLessons#