@BillAckman How's healthcare going in the US? How many people are one illness away from bankruptcy or homelessness?
How about safety?
Affordable education?
🇺🇸TOP 10 FASTEST GROWING INDUSTRIES IN 2024
1. Artificial Intelligence
- Market expected to reach $407 billion by 2027.
- High demand for programmers, data analysts, and software engineers.
2. Healthcare
- Projected to make up 45% of U.S. job gains over the next decade.
- Growing need for personal care aides, nurse practitioners, and medical service managers.
3. IT and Cybersecurity
- Essential due to the increase in remote work.
- Information security jobs expected to grow 32% in the coming decade.
4. Green Energy
- Significant market growth driven by global clean energy projects.
- Opportunities for solar panel installers, technicians, and engineers.
5. Online Retail
- Ecommerce sales worth $1.1 trillion at the end of 2023.
- Roles in customer service, logistics, and web development.
6. Travel and Food Service
- Recovery to pre-pandemic levels driving job growth in tourism and hospitality.
- Careers as travel agents, tour guides, and international travel specialists.
7. Online Gambling
- Massive growth in states with legalized sports betting.
- High demand for risk managers, software developers, and data analysts.
8. Construction
- Growth in manufacturing and green energy construction.
- Jobs for project managers, health and safety managers, and tradespeople.
9. Education
- Expanding due to alternative and remote learning technologies.
- Demand for teachers, administrators, and tech integration specialists.
10. Pet Care
- Industry worth an estimated $303 billion.
- Roles for veterinarians, groomers, and pet trainers.
Sources: Entrepreneur, U.S. Bureau of Labor Statistics
“Education is the ability to listen to almost anything without losing your temper or your self-confidence.”
— Robert Frost
via the 5-Bullet Friday newsletter (https://t.co/OZsafQN5rK) from @tferriss
Waking up at 5:45 am solves 99.9% of daily issues.
12 other unreasonably simple habits to change your life:
1. Grab your to-do list. Do the thing you want to do least, first.
2. Stop all 60 min meetings, make them 45 minutes. Tighter meetings, more time.
3. No social media, email, or text when you wake up. Write something, read something, or create something before you get sucked in.
4. Do the $1,000/hr Test. Group work in 3 buckets based on return: $10, $100, $1,000. Offload one low ROI task per day.
5. Change one meeting a week to a walking call. Watch how excited the other meeting member becomes.
6. Add a How vs Won't check-in. When you say, "that WON'T work." Instead ask, "How could that work?"
7. Be the dumbest one in your friend group, then move on when you’re not. As they say, if you’re the smartest person in the room, you’re in the wrong room.
8. Take a picture of your net worth. What gets measured gets managed. Check finances daily.
9. Always the stairs, never the elevator. Pick the hard option. See how much stronger you are than you think.
10. Never write to-dos in stone. You're 10x more productive if you reprioritize daily.
11. Meditate. 10 minutes a day. For a twofer - do it in the sauna. Sometimes hacking culture gets it right.
12. Get intimidated. Everything you want is on the other side of fear. Do something every day that scares you a little bit.
Life is the small things repeated daily.
Change one daily habit, and beautiful things start to happen…
So pick one.
Leverage in an organization is not unlike leverage in the markets; you're looking for ways to achieve more with less. At Bridgewater, I typically worked at about 50:1 leverage, meaning that for every hour I spent with each person who worked for me, they spent about fifty hours working to move the project along. At our sessions, we would go over the vision and the deliverables, then they'd work on them, and then we'd review the work, and they'd move forward based on my feedback—and we'd do that over and over again. The people who worked for me typically had similar relationships with those who worked for them, though their ratios were typically between 10:1 and 20:1. I am always eager to find people who can do things nearly as well as (and ideally better than) I can so that I can maximize my output per hour.
Technology is another great tool for providing leverage. To make training as easy to leverage as possible, document the most common questions and answers through audio, video, or written guidelines, and then assign someone to organize them and incorporate them into a manual, which is updated on a regular basis.
Principles themselves are a form of leverage—they're a way to compound your understanding of situations so that you don't need to exert the same effort each time you encounter a problem. #principleoftheday