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 - “Give me a lever long enough and I shall move the world.” - 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?
Product failure is expensive.
And look around, it’s common.
Why do products fail?
Is it becos we can't build the product?
No
Is it becos we launched it N weeks late?
Almost never
So what is it?
The 7 Biases of Product teams, a very visual thread:
If you see a strong, healthy plant, know ONE thing. That plant HAD to have experienced lots of sunshine—AND lots of SH*T. ...It took in all the 🌞. Then it chose to use the 💩 as fertilizer. And it just kept growing. ...I pray that you do same. It’s possible. I believe in you. 🌱
This diagram has gottem me thinking about management structure. We all (at least /we/ all) agree that cross functional teams is best for development. However, that cross-functional, colaborative structure disappears up the organization, where VPs, etc., are not a team at all. 1/
“It’s ironic when organizations — working hard to create their unique value proposition — want to have a common measure to rank themselves against their competition.” — @jmspool https://t.co/fTcf4ffnaQ
I was once invited to speak at McKinsey. I started by asking, “how many of you have ever started or run your own business?” No one put their hands up. I then announced the name of my presention, “Anything is easy when you don’t have to do it”.
I’ve not been invited back.
Faschismus fängt da an, wo es schützenswertes und nicht schützenwertes Leben gibt, das "geopfert" werden kann/muss, für "das Volk"/"die Wirtschaft". Just sayin' #Palmer.
“As Adam Grant points out, however, having a full-time job outside of your startup actually increases the odds of your company surviving by 33%.” — @pbadeer https://t.co/I92sZD8jCE
The beautiful simplicity of testing “You should get into the habit of learning nothing more often, because if you insist on learning something beyond the data every time you test hypotheses, you will learn something stupid.” — @quaesita https://t.co/mTTC3IRHHG
Sauber @eurowings früheres Boarding mit Kleinkind geht nicht, dann aber wahllos Gruppe 2 und 1 einsteigen lassen... Service könnt ihr. NICHT. Geht bitte pleite.