Jeff Bezos started Amazon based on a regret minimization framework:
“I want to live my life in such a way that when I’m 80, I’ve minimized the number of regrets I have.”
The derivatives of the Position vector (x) with respect to time have interesting names
Velocity (v) = change in Position
Acceleration (a) = change in Velocity
Jerk (j) = change in Acceleration
Snap (s) = change in Jerk
Crackle (c) = change in Snap
Pop (p) = change in Crackle
🙂
Unless you are being emotionally rewarded for something, you'll eventually stop doing it, no matter how much willpower you have. To stick to a new positive behavior, you must find a way to make it fun, exciting or emotionally valuable in another way.
Distance yourself from people who:
1 speak poorly about others
2 have problems for every solution
3 enjoy complaining
4 always feel entitled
5 blame others for losing
6 take more than give
7 make you feel bad about yourself
8 cheat or lie
9 bully or troll
10 nitpick as a hobby
There are Good Product Managers and there are Great Product Managers. There are also Okay Product Managers and Bad Product Managers, but we will focus on the Good and the Great here.
Good Product Managers, Great Product Managers, a thread:
Why & how to "link" the 3 statements:
The reason why analysts stack all 3 on top of each other is cuz all interwoven:
- net profit:
flows from bottom of IS to retained earnings in BS & first line of CFS
- working capital:
from CFS, is the diff btw current assets & liabilities
In tech, it's pretty acceptable, and essentially glorified, to "blitzscale" by growth hacking, scaling customer base very quickly, past the point where your infra/product can really support it, and fix the product ex-post once you have a bunch of users
Imagine there’s some guy out there who got on Twitter for the first time, read a viral thread about focus and productivity, then logged off forever. He’s out there. Producing.
There are people who, despite never having once read a foreign religious text, are strongly adhered to their religion of birth. Just out of geographic chance of birth.
Suggestion: Read all major texts. Understand them, their worldviews, and come to your own conclusions.
@edburmila 100% the same in corporate America. 50 executives could disappear overnight with zero impact to the business but if Peggy in Finance can't open her spreadsheet the entire business crashes.