@DHughesy The Robo debt scandal resulted in deaths.
This is 100x the scale , enforced by the ATO, and it is going to result in many business insolvencies.
Start the Royal commission now
Why rolling forecast matters the most:
Continuous Planning
[A fresh view, always]
Flexibility
[Adapt to market shifts immediately]
Accuracy
[Predictions improve as the window moves]
Less Rework
[No massive annual reset. Just updates]
Rolling forecasts transform finance from a historian to a ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฐ ๐ฝ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ. Stop building monuments. Start navigating.
If you want this template in Excel, just drop a comment and Iโll send it to you.
(Important: follow me so I can DM you!
Joel Greenblatt averaged 40% annual returns.
Not once. Not twice.
But for over 20 years!
He shared his exact method in The Little Book That Still Beats the Market.
Here are the 10 biggest lessons:
All startup finance stuff in one place.
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ๐ฑ:
โ Best places for opening Startups
โ Startup finance model
โ Startup reporting
โ Startup tools for finance, payments, tax etc..
โ Startup tax compliance
โ Startup accounting
โ Startup KPIs
โ Exit strategies
โ Startup funding per stages
โ Key focuses for each stage
โ Financing: Pros &Cons
โ Startup Valuations and more
Want this PDF ? Drop a comment and I will send you a file (important note: follow me so I can DM you)
The KING of billion-dollar brands.
Ryan Reynolds.
At 47, he is a Hollywood star who owned & sold +$14 billion worth of businesses just for fun.
I spent the weekend analyzing his work.
Hereโs his story, how he did it (and his most genius ads):
Iโm obsessed with how to reach financial freedom.
So, I spent 60+ hours studying how Naval Ravikant thinks about money.
Hereโs what I found on becoming a quiet millionaire:
The power of reviews is wild.
โข 99.9% of customers read reviews
โข 96% specifically look at negative reviews
โข Lowest rating customers consider is 3.3/5
This is a major priority in all my businesses.. Here are 14 tactics to get more reviews:
All Financial Statements link together
Understanding their connection is crucial.
Here's how the
โข Balance Sheet
โข Income Statement
โข Cash Flow Statement
hang together.
๐ Balance Sheet:
A balance sheet shows you what a company owns and owes.
๐ Income Statement:
An Income Statement shows you the revenues and expenses of a company.
๐ Cash Flow Statement:
A Cash Flow Statement shows you the cash that enters and leaves a company.
โป๏ธ Net Income
The final figure in the Income Statement serves as the initial entry in the Cash Flow Statement.
Net Income is also incorporated into retained earnings on the company's Balance Sheet.
โป๏ธ Ending cash balance
The last entry in the Cash Flow Statement serves as the initial entry in the Balance Sheet.
10 Mental Models that will level up your Thinking:
1. First Principle Thinking - Rethink the problem from the ground up.
Separate the underlying facts from assumptions made based on them.
2. Second-Order Thinking - Instead of thinking about the immediate consequences, think about the second-level consequences.
3. Inversion - Look at the problem at hand from the endpoint instead of the starting point.
Don't ask: "What do I need to do?" Ask: "What must I avoid?"
4. Opportunity Costs - Think about the costs that arise because you decide in favor of one option and thus against every other option.
5. Randomness - Keep in mind that there aren't always cause-effect relationships.
Lots of stuff is random.
6. Leverage - โGive me a lever long enough and I shall move the world.โ - Archimedes
7. Margin of Safety - Assume that your assumptions can be wrong and plan with a safety margin.
8. Occam's Razor - Always start with the simplest explanation, the one based on the least assumptions.
Then move to the other explanations if wrong.
9. Law of Diminishing Returns - Up to a certain point, additional units offer more value.
But there's a turning point where additional units offer less and less value, and costs rise.
10. Niches - Specializing is an effective way to success. Use it and choose a niche where you become an expert.
What Mental Model helps you the most?
1/
Get a cup of coffee.
In this thread, I'll walk you through "Gambler's Ruin".
This is a classic exercise in probability theory.
But going beyond the math, this exercise can teach us a lot about life, business, and investing.
And we finalized!
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
10 fascinating traits of highly-successful people:
1) Enjoy Being Wrong: The most successful people legitimately enjoy being wrong. Theyโve learned to embrace new information that forces you to change your viewpointโthese "software updates" improve upon the old.
(read on)
So much of life comes down to proper positioning.
Putting yourself in the best position for future opportunities often means appearing foolish in the moment.
Master circumstances rather than be ruled by them.