@nntaleb Your distinction, pictured
The best time to raise money is when you don’t need it. The best time to get in a relationship is when you don’t need it. The best time to negotiate a deal is when you don’t need it. The best time to build resilience is when you don’t need it.
Proud of you my brother as always @jjude - You can beat the giants - My address to Karunya Students
I spent most of my life focused solely on the probability of certain things happening My life changed when I started considering both the PROBABILITY of an event occurring and the CONSEQUENCE of it happening.
Corporations are using tech to reprogram you into a dependent consumer. Use tech to transform yourself into an independent producer.
This!> "Seventy-nine percent of retail executives believe chatbots are meeting consumer needs. Two-thirds of consumers (66 percent) disagree, with respondents noting that chatbots are currently more damaging to the shopping experience than helpful."
1. My best tip for people trying to break into web dev is to try to be ambitious when picking a personal project to build. It will push you to learn further than projects that are tutorial-ish in depth. Plus, it will be WAY more interesting to an employer/interviewer.
Tolerance for poor politics is a close cousin to our indifference to public problems - the two go together, reinforcing failures, but telling each other, 'you da maan'. Meanwhile, a faraway world of trade deals, climate negotiations, and advances in robotics settles most things.
Never underestimate the power of confidence & energy that stems from a potent mix of misinformation, personal needs, blind spot and envy. It is a politician's magic potion. Plain data is for the foolishly accomplished.
Good thinkers apply mainstream mental models to see situations more clearly. Great thinkers synthesize models across disciplines to see complexity more simply. The greatest thinkers see the world so clearly they create original models that become mainstream later.
Charlie and I look for companies that have a) a business we understand; b) favorable long-term economics; c) able and trustworthy management; and d) a sensible price tag. - Berkshire Hathway Annual Report 2007.
I got introduced to the idea of ergodicity from Taleb, but this phenomenal lecture from Ole Peters really helped me understand it better:
@NSmolenski Trust in social institutions is hard won and frivolously spent. So much coasts and is allowed because of the common citizen's assumption that authority figures are acting in good faith and processes are impartial.
Money is scale: Larger scales can ignore small impacts. The poorer you are, the greater the complexity. The wealthier you are, the lower the complexity.
Q : What are the best #magento2 learning resources? A : @mage2tv & @mdotacademy
@jasoncoxADD @pepelondono @rrhoover With remote work becoming prevalent, I sense more people will want to look for affordable accommodation for 1 mth - 6 mth time frames. Airbnb isn't really designed for this use case and hardly considers work factors. I'm thinking WeWork and Airbnb hybrids will become normal.
A short list of things you should learn in school: • Selling • Speaking • Persuasion • Social skills • Negotiation • How to learn • How to focus • Personal finance • Decision making • Basic productivity • Core tenets of cognitive behavioral therapy
Engineering decisions are UX decisions, exhibit 127: if there is not enough hot water, nobody cares if the shower controls are well-designed.
@jenvalentino Our key innovation is a bot that automatically visits thousands of e-commerce sites, finds product pages, completes the shopping flow, and saves all the data, allowing us to scan for dark patterns in a mostly automated way using machine learning.
What nascent behavior today will go mainstream 3-5 years from now? 🤔 E.g. In 2014 relatively few people restocked their fridge using Instacart and similar grocery delivery services. Today it’s all I and millions of others use.
I love the Google one. Its exactly what a tech nerd like me would have come up with, dont waste too much time and just randomly select some colors and splash them on :-)
There is no formula to when you should quit & cut your losses & when you should push through. For every story of painful perseverance there are others of hard pivots, quitting & restarting. Sunk cost fallacy is a bitch. So is knowing about it. Whatever you do, just be decisive.
Loyalty is reciprocal. It’s a two-way street. If we’re eager to measure how loyal customers are to us, why aren’t we so keen to measure how loyal we are to them?
Using the wrong tool for the job. #programming
OK. V4 (and last iteration on Twitter). Pretty happy with this except the leaves are overlapping and necessarily incomplete. Thank you for the help
Companies have moats, but so do people—five of the strongest ones: • Low personal burn rate and equity (capital) • High integrity and authenticity (brand) • A peaceful mind and fit body (process) • Helping and connecting others (network) • Friends and family you love (team)
Modern tech and media tempt us to spend our lives reacting to things we can’t change. Obsessing over far-off dramas, ignoring the decline close to home. Smartphones offer 24/7 access to on demand anxiety. Make your tools serve you. Don’t serve them. Act more. React less.
@vijayanands Untethered soul (malleable mind), Peak (malleable mind & body) — two books that can completely change your outlook.
Which stocks have far more downside risk? Those whose business models are fragile. A very highly leveraged company, asset-liability mismatch, DEPENDENCE on one product, technology, plant, vendor, government support etc etc.
Free Course: Setup a Magento 2 Development Environment with Docker 🐳 #magento #magento2 #docker #php
Overview of Request/Response: Magento handles incoming HTTP web requests with a list of core routers. Once a URL pattern is matched with a route, an action is executed which either returns a response to the user, or carries out a set of actions. #magento #magento2 #http #router
Watching entrepreneurs present their business plans these days - some traditional presentation skills seem to be forgotten. While some of my examples might revolve around VC pitches by startups, they apply across the board. Here are some obvious ones:
I've read many business, product and startup books but nothing has taught me more than these 2 things - 1. Making priority decisions for products and teams 2. Delivering things through ideation to launch to iterations. Repeatedly I used to find them trivial. I was very Wrong!!
Lasting novels don’t come from literature departments. Successful businesses don’t come from business schools. Scientific revolutions don’t come from research universities. Get your education, then get moving. Find the loners tinkering at the edge.
7 things that make me respect a Man. 1. He relentlessly seeks to improve 2. He stands when the world demands he kneels 3. He never shirks his duties. 4. His word is sacred. 5. He lifts up other Men. 6. He raises his sons to be Men. 7. He raises his daughters to be women.
Took me a few hours but finally made an Amazon list of ALL the books recommended by @patrick_oshag 's Book Club. Excellent, exhaustive list across so many disciplines.
Average teams solve C+ problems as a unit. Good teams can solve B+ problems. To solve A+ problems, however, you need individuals and not consensus. All organization face all of these types of problems. The good ones approach them differently.
41 years ago, in 1978 my friend and colleague in The Times of India, the pate RK Laxman drew this cartoon to describe the future of the Congress. Nothing more needs to be said.
Accommodate two essential elements in your professional plans: marketing and self-development.
Clever: Add "dark mode" to your website
We are on Product Hunt today with our Chatbot Templates: The biggest chatbot template repository in the galaxy Please show some love :)
Meesho is focusing on catalogue, BulBul/simsim are working on video product description, KhataBook/OkCredit building online ledger cashbook. (4/6)
Here is a list of my books: Here is a list of my most popular Twitter threads: Here is a list of my most popular essays: Here is my weekly newsletter:
I'm very much in favor of thinking holistically on society, technology, science and politics. The whole is more than the sum of it's parts. However when writing you have to segment and separate. Sometimes I'm saddened by the insight lost in translation. But such is life.
If I could redesign college education for smart people who don't know what they want to be, it would be a single intensive year with these essential courses: - Microeconomics 101 - Macroeconomics 101 - Python programming - Probability & Statistics - Corporate Finance - Sales 101
True. Common sense, good education, ability to think and communicate (written and oral) and finally a passion for anything so hard that it makes Friday evening boring and Monday morning interesting is worth a lot more than all the cash you can leave behind.
A 8-9 page handy by SGX (Singapore Exchange) on "An Investor’s Guide To Reading Annual Reports" Reading time: ~30 mins.
Friend: what is machine learning? Me: remember when we ordered hot plate from amazon and instead of suggesting all the equipments needed to make a full meth lab, it thought buying one hot plate means you want to start a business of hot plates and gives you ads for every hotplate
Most people need consistency more than they need intensity. Intensity: -run a marathon -write a book in 30 days -silent meditation retreat Consistency: -don't miss a workout for 2 years -write every week -daily silence Intensity makes a good story. Consistency makes progress.
