When I signed on to letting the death penalty back in, I thought the procedural protections against executing an innocent person were stronger than they turned out to be.
Remember that you are more likely to die because you execute badly than get crushed by a competitor.
When we look at investing, we always think about 'how defensible is this, how likely is it that somebody is going to copy this.' E-commerce tends to be something easy to copy because it's execution.
All the films are hits before you turn the camera on. It's only in the execution that they fail. I've been less than happy with the way a couple of films were edited, but it's a director's prerogative and you gotta go with it.
Acting is easier than skating in a way and harder in other aspects. In skating, you get one chance, and with acting you get to do it over and over.
Do I favor the death penalty? Theoretically, I do, but when you realize that there's a 4 percent error rate, you end up putting guilty people to death.
So the chances of you being sentenced to Death Row in America is roughly the same as you winning the lottery.
I always love that phrase, 'Oh, this is a good idea, but it's execution dependent.' As if anything in life is not execution dependent. Breathing is execution-dependent.
There's a real danger in doing a sequel. There are some benefits, but that all hinges on how well you execute. Quite frankly, most sequels don't execute well.
Companies face a handful of different risks, whether it is competitors or different market environments. But I think that people focus way too much on competitors and not enough on their own execution.
