Max Levchin

And then they want to talk to you because they want to assess you as much as they want to help you. And so that's a cheat code to access some of the best brains out there.

And then they want to talk to you because they want to assess you as much as they want to help you. And so that's a cheat code to access some of the best brains out there.

And then they want to talk to you because they want to assess you as much as they want to help you. And so that's a cheat code to access some of the best brains out there.

The days where you're like, oh, man, is inevitably when you're like, well, I now have to go read this filing that we have to make because it's part of my responsibilities to make sure I understand everything we're putting out there in the public and can't avoid that. And those are small prices to pay.

The days where you're like, oh, man, is inevitably when you're like, well, I now have to go read this filing that we have to make because it's part of my responsibilities to make sure I understand everything we're putting out there in the public and can't avoid that. And those are small prices to pay.

The days where you're like, oh, man, is inevitably when you're like, well, I now have to go read this filing that we have to make because it's part of my responsibilities to make sure I understand everything we're putting out there in the public and can't avoid that. And those are small prices to pay.

But you do have added responsibilities that were not what you thought you'd be getting into when you were getting a computer science degree.

But you do have added responsibilities that were not what you thought you'd be getting into when you were getting a computer science degree.

But you do have added responsibilities that were not what you thought you'd be getting into when you were getting a computer science degree.

The short answer is I'm sure it is, but I'm sure I put an enormous amount of effort into making sure it's not. And so it's a balance you're constantly trying to strike where the thing that is hard, harder is when you think you're doing a fantastic job and you can look at the internal numbers and you look at the external numbers, you're like, I am absolutely crushing it.

The short answer is I'm sure it is, but I'm sure I put an enormous amount of effort into making sure it's not. And so it's a balance you're constantly trying to strike where the thing that is hard, harder is when you think you're doing a fantastic job and you can look at the internal numbers and you look at the external numbers, you're like, I am absolutely crushing it.

The short answer is I'm sure it is, but I'm sure I put an enormous amount of effort into making sure it's not. And so it's a balance you're constantly trying to strike where the thing that is hard, harder is when you think you're doing a fantastic job and you can look at the internal numbers and you look at the external numbers, you're like, I am absolutely crushing it.

And so sometimes it's very tempting to say, well, by now the market should know and they should just give us high marks and that means the stock goes green, green, green. And more often than not, you have a temporal mismatch where you're doing great, you know you're doing great and the market thinks you're not.

And so sometimes it's very tempting to say, well, by now the market should know and they should just give us high marks and that means the stock goes green, green, green. And more often than not, you have a temporal mismatch where you're doing great, you know you're doing great and the market thinks you're not.

And so sometimes it's very tempting to say, well, by now the market should know and they should just give us high marks and that means the stock goes green, green, green. And more often than not, you have a temporal mismatch where you're doing great, you know you're doing great and the market thinks you're not.

And if you're a startup or fairly high volatility stock, you end up with, well, I did great. Why am I getting punished? And the short answer is it's the market. Like you just don't get to tell it when to react to good news or bad news and how.

And if you're a startup or fairly high volatility stock, you end up with, well, I did great. Why am I getting punished? And the short answer is it's the market. Like you just don't get to tell it when to react to good news or bad news and how.

And if you're a startup or fairly high volatility stock, you end up with, well, I did great. Why am I getting punished? And the short answer is it's the market. Like you just don't get to tell it when to react to good news or bad news and how.

And so the more you sort of convince yourself that in the end, there's a great, I think it's attributed to Warren Buffett, but it's actually from Graham, his mentor. In the short term, the market is a voting machine. In the long term, it's a weighing machine. I take great comfort in saying this to myself whenever the market, I think, misjudges me.

And so the more you sort of convince yourself that in the end, there's a great, I think it's attributed to Warren Buffett, but it's actually from Graham, his mentor. In the short term, the market is a voting machine. In the long term, it's a weighing machine. I take great comfort in saying this to myself whenever the market, I think, misjudges me.