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Customer: I need a baby Junior dev: With one pregnant woman we can deliver it in 2 yearsSenior dev: Make it 4 yearsProject manager: Can't we just hire 9 pregnant women and deliver the baby tomorrow?Consultant: My opinion is that your baby is ugly as hell, here's my bill
Posted on April 20, 2019
Some quick thoughts on creativity. This applies to writers, musicians, artists. Everyone.Thread.
“Behind the Curtain” Book #2: The Luxury Strategy by Jean-Noël Kapferer and Vincent Bastien.Curious if, after reading the below, you think there can be “luxury” investment products https://t.co/3n6NXEHZD3
1/ Here are some REALLY interesting findings from a controversial empirical paper asking:*WHY do some people become ENTREPRENEURS?*Of the many findings + hypotheses, a few stand out-SIGNALING theory -REJECTING a system that REJECTS them...
1/ I seem to be easily triggered by lists of "what every successful entrepreneur does in the morning" or "10 common traits all millionaires share" or "six things you need to know before the market opens." They MUST be popular, or the clickbait farms wouldn't publish them.
1/ I'm so glad people enjoyed the boat and the bathtub metaphor. I got a few requests to tackle option gamma next, so... let's play ⚾️!
1/ Recent market activity -- and the short-vol trade in particular -- provides a fascinating, close-up look at "wrong-way risk."Wrong-way risks are positive feedback loops that can have tragic effects on a portfolio.So tonight: wrong-way risk with ? & ⛈️!
1/ On Sunday September 14, 2008, the largest players in the credit derivatives market convened a special trading session in a last-minute effort to offset risk from the seemingly-certain bankruptcy of Lehman Brothers. I was there, and it was the most memorable day of my career.
HOW TO FIGHT INSTAGRAM LED DEPRESSION... I spent chunks of 2018 visiting loved ones in hospital. Walking through those wards, I discovered an idea called the "CONTRAST DIAL". This explains the negative effects social media has, but also how to REVERSE it. THREAD...
1/ HIGH AGENCY Once you SEE it - you can never UNSEE it. Arguedbly the most important personality trait you can foster. I've thought about this concept every week for the last two years since I heard @EricRWeinstein discuss it on @tferriss' podcast. THREAD...
1/ It’s interesting to look at career strategy applied through the lens of risk.Most people think about financial risk, but reputational risk is far more insidious inhibitor of people pursuing ideas that at first seem weird but then become widely held.Exhibit A: Crypto.
Learn from times iterated over time spent.Craft a thousand tweets before ten blog posts before one novel.Skim a dozen books before absorbing one.Make many small investments before a few big bets.Build many small products before starting a company.Explore, then exploit.
Twitter is a newsroom. Breaking news is one imagined emergency after another, from around the world, delivered to your unprepared brain.
Universities, Incubators, and Venture Capital firms are really “Curation Businesses.”
The two party system is an emergent "bug" in representative democracy. https://t.co/hBKpukhkR5
1/ The Internet lowers the returns to distributing facts, while social media increases the returns to distributing signaling goods.
1/ If the primary purpose of school was education, the Internet should obsolete it. But school is mainly about credentialing.
1/ Blockchains will replace networks with markets.
This colossal white marble bust of the goddess Isis-Sothis-Demeter was found in in the emperor Hadrian's Villa, Tivoli. It is on display in the Vatican's Gregorian Egyptian Museum Room III as part of the Serapeum inside the Canopus of Hadrian’s Villa. https://t.co/uVkLHZ6eGJ
Posted on April 19, 2019
1/ The logic of violence determines the structure of society.("The Sovereign Individual" thesis)
How to Get Rich (without getting lucky):
