Johnny Roccia

Feedback welcome!

[Johnny Roccia @JohnnyRoccia]

The World is Good https://t.co/TYohNiJwh6

[Johnny Roccia @JohnnyRoccia]

Just to highlight how ludicrous it is to believe that world hunger could be "solved" by $6.6 billion:

1. UNICEF raises more than this much money each year.

2. Only 850 mil ppl globally live on <$2 per *day,* so if < $1 dollar per *person* would have solved this, it would be.

[Austen Allred @Austen]

If you could cure world hunger with $6.6 billion it would have been solved 100 times by now

[Aakash Gupta @aakashgupta]

The reason elite chess players have lower IQs is the same reason "successful founders dropped out" is bad advice.

Once you select for the top of any field, the traits required to get there become negatively correlated. Elite chess players need both IQ and chess-specific skill. Within them, the lower-IQ players must have higher pure chess skill to compensate, or they wouldn't be elite. The correlation is mechanical. It comes from how you drew the sample.

Apply this to founder advice. Among the general population, education and outcomes correlate positively. Among elite founders, dropouts had to compensate with something else: world-class technical skill, family capital, or an exceptional network. The "missing" trait in dropout-founders forced the other traits higher. Copying the dropout move without the compensating trait does nothing.

Every refrain from a top performer follows this pattern:

"I never networked, I just built great products." Within elite founders, the ones who skipped networking had exceptional products. The constraint selected for them.

"I sleep 4 hours a night." Within elite executives, sleep trades against output. In the general population, less sleep correlates with worse cognitive performance. You're hearing the substitution pattern of survivors.

"I don't read books." A top 0.01% operator who doesn't read requires compensation somewhere: raw memory, decades of operating reps, or a network that fed them what books would have.

The chart is the cleanest version of this you'll ever see. Black dots are the full population, strong positive correlation between early and adult performance. Red dots are the elite subset. Slope near zero.

Every advice book lives in the red dots. Every "what makes top performers different" study lives in the red dots. Every Forbes profile lives in the red dots. You're learning the substitution patterns of people who already won. Their path is in the red dots. Yours lives in the black.

When someone elite tells you what made them successful, the real question is what they had to be elite at to have the option of skipping the conventional path.

[Johnny Roccia @JohnnyRoccia]

@amelapay Should get flowers the exact color of her door and plant them on either side.

[Johnny Roccia @JohnnyRoccia]

@nikitabier Is one of the options "All of the posts of all of the people I follow, and nothing else, in chronological order, and X never tries to switch that without my consent?" That would be an AWESOME feature!

[Johnny Roccia @JohnnyRoccia]

Common spaces. The only way to see your friends was to physically find them, which meant friend groups gravitated to specific "hangout spots," and then those spots generated their own character, drew new friends, etc. "Third spaces" were awesome.

[Dave @GamewithDave]

People who actually experienced the 1990s:

What is something you miss from that decade that just isn't the same today

[Johnny Roccia @JohnnyRoccia]

@FranklinH3000 The people who play "Born in the USA" at their rallies? No.

[Johnny Roccia @JohnnyRoccia]

@AlecStapp @StefanFSchubert

[Johnny Roccia @JohnnyRoccia]

@InternetH0F Absolutely worth listening to the version with no post effects, because it's still beautiful and more impressive because it's natural: https://t.co/UM9O697eGB

[Johnny Roccia @JohnnyRoccia]

@amelapay @shakoistsLog Based on this, won't the thought most likely be "Oh no I was right"?

[Johnny Roccia @JohnnyRoccia]

@FT Switzerland: country's full

Stork: yes, but i'm bringing this baby to

Switzerland: *racks shotgun* country's full

[Johnny Roccia @JohnnyRoccia]

@ByrneHobart Imagine someone saying, "I have never in my life studied cardiac surgery, but I have very strong opinions about how it should be performed." Economics is weirdly unique in that people willingly admit knowing nothing, yet claiming to deserve their strong, bad, dumb opinions.

[Johnny Roccia @JohnnyRoccia]

@ByrneHobart @hradzka Shaq always wanted to be a restaurant owner. He only played basketball as long as he did because of the dunk cost fallacy.

[Johnny Roccia @JohnnyRoccia]

@lordcataplanga @kpomerleau This sort of just feels like you're describing countries. I.e. the richest people owning all the land forever, and everyone else renting from them in perpetuity. In fact, this is my main point - property taxes *feel* like exactly this!

https://t.co/ydATe4QC0P

[Arrogation Toast @lordcataplanga]

@JohnnyRoccia @kpomerleau If there were an amount of money that insures eternal possession of the house, every square inch of the planet would now be occupied by the heirs of whichever family had the most money centuries ago, and we would all rent from them.

[Johnny Roccia @JohnnyRoccia]

@lordcataplanga @kpomerleau Probably not. People sell stuff they own all the time, plus whole countries come and go. The sole driver of real estate transfer isn't failure to keep up with property taxes.

[Johnny Roccia @JohnnyRoccia]

@kpomerleau So I don't have a solution; I don't know of a better way to do property taxes. I just know that based on the way they're presented, it's not crazy to me that people are upset that they have to pay them forever or lose their house. Call it a marketing problem. But I get it. 8/8.

[Johnny Roccia @JohnnyRoccia]

@kpomerleau All I'm saying is that if you stop paying your water bill, they shut your water off. And if you stop paying your car note, they repo your car - until you've paid it off. Then if you stop paying insurance, they cancel the insurance; they don't repo your car, because it's yours. 7/