10X or high performing companies over the last 30 to 40 years exhibit an unique quality of “Productive Paranoia”.
This quality helps them remain afloat through thick and thin when others around them fall by the wayside.
The three dimensions of “Productive Paranoia” are:
- Accumulate cash reserves and balances to be better prepared for rough times.
- Bound all kinds of risks e.g. Death line , asymmetric , uncontrolled as well as time bound risks
- Zoom in and zoom out and remain hyper vigilant all the time to be wary of the competition.
Adopted from Jim Collins’s book titled “Great By Choice”