Comments on: Smart Entrepreneurs vs. Wise Entrepreneurs

By: Jack M. Zufelt- Mentor To Millions

Jack M. Zufelt- Mentor To Millions — Wed, 18 Feb 2009 18:48:53 +0000

good approach of distinguishing smart and wise people. I liked that one!

By: Joe Smill, CFA

Joe Smill, CFA — Fri, 03 Oct 2008 18:23:44 +0000

Simeon,

Sorry if I came off as condescending, I like your post and quote find. Just I think, that the quote itself, not your interpretation since that’s personal, lacks sticky power.

Re: planes, etc. Say “smart” Dave understands how to build one. He’s poor and needs capital. Bob down the block is happy to give it so long as Bob gets 51% profits and ownership down the line, and he uses Dave’s home and all personal assets as collateral for the loan.

If no other financing were available since the thought of an airplane seems so unrealistic prior to invention, “wise” Dave (read risk-averse Dave) wouldn’t put up his home/assets as collateral since he has a family to support. Why put yourself in a situation even a seemingly smart man can’t get out of?

You can argue “smart” Dave, would fine tune his blueprints to ensure success and take that “idiotic” risk with Bob, hence billionaire status and bling teeth for his kids, and plastic tits for the wife.

Joe

By: Simeon Simeonov

Simeon Simeonov — Wed, 01 Oct 2008 20:46:57 +0000

Joe, the only thing wrong with one-liners is how they are used. To me, they are the starting points of conversations.

As for your comments re: investing in planes, automobiles, etc. before their existence, I really don’t get your point…

By: Joe Smill, CFA

Joe Smill, CFA — Wed, 01 Oct 2008 18:18:37 +0000

You’re on your way to middle management! I used to be a fan of cute little one-liners like this.

Imagine if all the world thought like this. Who would speculate (probably not the best word to use today) to invest capital in planes, automobiles, computers, etc. before their existence. Gay? Why come out, when you have a cushy existence – that should be good enough for the rest of your life. What if that homo was your son? Catch my drift..

By: Bob Balaban

Bob Balaban — Fri, 05 Sep 2008 21:41:01 +0000

How about this: “The most important leg of a 3-legged stool is the one that’s missing.”

By: Entrepreneurs, Ideas, Sales and Innovation| Today's Top Post | Dimarkin

Thu, 04 Sep 2008 21:38:46 +0000

[...] Smart Entrepreneurs vs. Wise Entrepreneurs: There is a set of interrelated concepts I’m fond of reminding entrepreneurs about but I’ve never found a really good way to summarize them into a sentence that conveys the right meaning and tone. Here are various renditions. [...]

By: Marcelo Calbucci

Marcelo Calbucci — Thu, 04 Sep 2008 19:47:55 +0000

Brilliant bullet points!

I feel like a great entrepreneur.

By: Being wise versus being smart « Lightspeed Venture Partners Blog

Being wise versus being smart « Lightspeed Venture Partners Blog — Thu, 04 Sep 2008 16:12:02 +0000

[...] jeremyliew in Entrepreneur, start-up, startup. trackback Great post today from Sim Simeonov about being wise vs being smart that I’ll quote in its entirety since it is so short: There is a set of interrelated concepts [...]