Quique Mata

[Quique Mata @MataQuique]

@AutismCapital

[Quique Mata @MataQuique]

@CollinRugg @elonmusk The HR deparment needs to stop hiring 1diots... It's painful to watch, no substance, just angry, bittered and resentful dumb hosts...

[Quique Mata @MataQuique]

@VigilantFox ...and he is puzzled and wonders why the results are what they are 😂 . He just needs to look at this clip over and over again until he figures it out... a 6 yr old should be able explain it to him... hes part of the problem, not part of the solution...

[Quique Mata @MataQuique]

@EndWokeness

[Quique Mata @MataQuique]

@EricTrump @LaraLeaTrump @RNC Congratulations!!!

[Quique Mata @MataQuique]

@FT 2/2 -- Reason I red, follow and respected FT over the last 15+ years is because they were in the serious media/journalism space... now its turning into a tabloid...

[Quique Mata @MataQuique]

@TimesAlgebraIND 🤮🤮🤮🤮

[Quique Mata @MataQuique]

@EmmanuelMacron 🤮

[Quique Mata @MataQuique]

@washingtonpost Why are you guys just like @RollingStone and @guardian playing the ideology card on an issue like child trafficking which should really concern any and every decent human being....? What is the real headline here? This is a humanity issue, not an ideology issue...

[Billy Oppenheimer @bpoppenheimer]

In 1998, Citibank and The Travelers Insurance Company merged.

They hired legendary designer Paula Scher to create a new logo.

In their first meeting, on a napkin, Scher drew what became the iconic Citi logo.

As Scher got up to leave the room, someone from the Citi team asked,

How can it be that it’s done in a second?

“It’s done in a second and 34 years," Scher replied. “It’s done in a second [and] every experience and everything that’s in my head.”

Takeaway 1:

As Scher has become a master of her craft, she's experienced an interesting problem.

"A lot of clients like to buy process," she explains. "they think they're not getting their money's worth [if] you solve the problem too fast."

This is known as the "Labor Perception Bias."

It's an interesting phenomenon: we are generally impatient, yet, we are skeptical if, for instance, we're at a fancy restaurant and the food comes out only minutes after we ordered.

One of famous examples of the Labor Perception Bias is the parable of the engineer and the hammer:

A factory owner hired an engineer to fix a broken-down engine. The engineer inspected the engine for one minute, took out his hammer, hammered the engine once, and then started the engine with no problem.

The engineer charged the factory owner $5000. The factory owner was shocked, protested that the engineer had worked for only one minute, and asked for an itemized bill. The engineer sent the factory owner an itemized bill:

Hammering the engine: $5
Knowing where to hammer the engine: $4,995

Takeaway 2:

On my desk, there is a notecard that says, “All success is a lagging indicator.”

The line comes from one of my favorite Ryan Holiday articles. “When a day’s writing goes well,” he writes, “it’s a lagging indicator of hours and hours spent researching and thinking… Receiving a promotion is a lagging indicator of a lot of quality work. Delivering a keynote with confidence is a lagging indicator of a lot of preparation.”

Knowing where to hammer the engine is a lagging indicator of the years and years working with hammers and on engines.

And Paula Scher’s ability to create an iconic logo in a second is a lagging indicator of 34 years spent honing her craft.

- - -

“When you sit down to create something...what you create is a culmination of everything you’ve seen and done previous to that point.” — Tinker Hatfield

Follow @bpoppenheimer for more content like this!

[Andrew Wilkinson @awilkinson]

Elon Musk fired 6,500 employees at Twitter.

A little birdie told me it's down to:

- 2 designers
- 6 iOS developers
- 20 web developers
- Around 1,400 sales and operations people

How is it possible that we are still using this website?

Two words:

Parkinson's Law.

Have you ever wondered why seemingly simple tech companies have tens of thousands of employees?

Sometimes, it's because they have huge sales forces or tech support/operations people.

But often it's also due to Parkinson's Law.

Parkinson's law is like lighter fluid for bureaucracy.

It's a business tapeworm that slowly eats away at companies, making them less and less efficient and innovative over time.

Parkinson's Law is the idea that the work will generally expand to the amount of time, budget, and number of people allocated to it, and no matter how many people you allocate to it, those people will feel busy.

They'll feel busy because, due to the excess time/slack in the system, they'll start focusing on less and less important tasks.

Here's how it manifests on an individual level:

Let's say you have a report due in a week.

The report might only take you around five hours to finish if you really focus and work efficiently. However, because you know you have a week to complete it, you might find yourself spending a lot more time on it than you need to.

You'll be more prone to distractions, take longer breaks, or perhaps decide to add more details, tables, graphs, and so forth.

Essentially, the task becomes more complex and time-consuming purely because you have more time in which to do it.

And here's how it manifests across organizations:

Imagine a big tech company. A social media company with various departments. Each department has tasks that it must complete to contribute to the overall productivity of the company.

Now, suppose each department is given a budget and a set amount of time to complete its tasks for the year.

According to Parkinson's Law, each department will use its entire budget and the entire allotted time, even if the tasks could have been completed more efficiently.

This is because as resources and time increase, departments tend to become more complex and less efficient.

For example, a department might add more steps to its procedures, requiring more approvals and creating more paperwork, which slows down the process.

Or it might use the full budget on additional personnel or equipment that doesn't necessarily improve productivity.

The department might also use the full budget to justify the same or larger budget for the next year, since budgets in many organizations are often determined based on the previous year's spending.

This is a phenomenon known as "budget padding" or "spend it or lose it" mentality.

Inefficiencies can also develop in staff allocation. If a department expands, it might add managerial positions that aren't strictly necessary.

More employees are hired to manage, creating layers of bureaucracy that may not contribute to productivity and can even slow decision-making.

I have seen this occur over and over again in my career. The larger the team, the larger the budget, the longer the timeline, the less gets accomplished.

I'm very curious to see how many more tech companies come to this realization.

So often, good times + revenue growth = Parkinson's Law.

[Quique Mata @MataQuique]

@ecommerceshares

[Quique Mata @MataQuique]

@jk_rowling ... the few that are whining can just switch/ stay in @Disney...

[Quique Mata @MataQuique]

@lexfridman Seems @charliesheen is so broke that he cannot afford $8.00 a month as well... My prayers are with him as he endures this unbearable economic challenge...

[Quique Mata @MataQuique]

@ecommerceshares In other parts of the world, board members of banks are legally required to respond with their personal assets if something goes wrong with the bank... This is the best incentive to curve the wreckless risk taking culture...

[Javier Mata @jmata12]

Donde hay gratitud, no hay lugar para el miedo.

[Quique Mata @MataQuique]

@GeorgetownHoops @CoachEwing33 @little_georgey @GeorgeMuresan77 Georgetown basketball is an embarrassment... a legacy is being destroyed as rach season goes by. Sad but true... Sorry to say this but its tome for a change...

[Quique Mata @MataQuique]

@xhoop Adidas needs to clarify this, completely outraged and disgusted by @adidas @adidasoriginals @adidasUS @adidastennis sign off on this...

[Quique Mata @MataQuique]

@leszcz_pawel @elonmusk

[Quique Mata @MataQuique]

@IAPonomarenko @elonmusk You don't have to... your free to do whatever you want, twitter is now a private company and is free to charge whatever they want from their service...