Buzz Chronicles
Follow
  • Home
  • Threads
    • Daily Charts
    • Most Popular
    • Most Recent
  • Authors
  • Categories
    • Life
    • Tech
    • Culture
    • Politics
    • Society
    • Fun
    • See All Categories
  • About

Categories Icarusparadox

7 days 30 days All time Recent Popular
Sahil Bloom
Sahil Bloom
@SahilBloom
The Icarus Paradox offers a critical lesson on business, investing, and life.

Here’s a simple breakdown:

The story of Icarus is a famous tale from Greek mythology.

Icarus is the son of a craftsman—Daedalus.

To help the pair escape from Crete, Daedalus uses feathers and wax to create two sets of wings.

Prior to the attempt, Daedalus warns his son to avoid complacency and hubris.

Daedalus instructs Icarus to avoid flying too low or too high—cautioning that the sea's moisture or the sun's heat could cause the wings to malfunction.

But Icarus becomes amazed by his flight and soars away.

The sun melts the wax on his wings and Icarus falls to his death.


The tale of Icarus offers a poignant lesson:

Avoid complacency and hubris at all times.

What makes you successful initially may eventually lead to your downfall.

This is often referred to as "The Icarus Paradox”—it shows up constantly in business, investing, and life:

In business, how many incumbents have we seen achieve success with one product, only to be disrupted when the market shifts under their feet?

Overconfidence and success blinds incumbents to the coming wave of disruption.

60+ companies from the 1966 Fortune 100 no longer exist!
ICARUSPARADOX
  • Page 1 of 1
How does it work?
  • 💬 Reply to a thread with "@buzz_chronicles save" or "@buzz_chronicles save as category"
    🤖 Our bot will send you a link to your own folder on Buzz Chronicles. The thread will be saved in a form of an easy-to-read article
    📁 All your saved threads will be available at buzzchronicles.com/your_twitter_handle
Buzz Chronicles
  • Explore
  • Threads
  • Daily Charts
  • Authors
  • Categories
  • About
  • Terms of Service

Copyright © 2021 Buzz Chronicles - All right reserved