Ed Catmull is a co-founder of Pixar Animation Studios and a recipient of 5 Academy Awards.
a) We all begin by sucking at something
One thing that I learnt from this section is that art is volatile. According to Ed, the first draft of a Pixar movie is often dramatically different from the final version of the movie. I read in another source that in the first version of Frozen, Elsa was even a villain.
We have to be prepared to suck when we engage in innovation. I am pretty sure most of you would have fairly crappy portfolios to start with. For me, I started by paying 2.7%+ management fees in my first global equity unit trust.
b) If you have problems reading something, try listening to it.
This is an excellent tip which is so obvious, I am ashamed that I did not even think about it.
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