DaveSam

the world will be built through the #Web3 economy

[DaveSam @dsamwel]

No shame or FOMO in taking profits. No one ever got poor taking profits

[Carryology @Carryology]

The Unicorn returns…
Design Article goes live on https://t.co/4WUHFIjtGT tomorrow at 10AM (Mountain Time).
#mysteryranchxcarryology #unicorn2

[Alex Hormozi @AlexHormozi]

People work.
Sacrifice.
Then get rich.
Then get time.
Then fill their time with weird routines.
Then forget how they got rich in the 1st place.
Then tell others the weird routines made them rich…rather than what they did.

Which is whatever it took.
Not a 3hr morning routine.

[Carryology @Carryology]

🚨 BEST NEW GEAR 🚨
All the best new releases, all in one spot.
https://t.co/4DSgT3ibBy

[DaveSam @dsamwel]

@stalman This is a wildly accurate list

[DaveSam @dsamwel]

@shxtsngigs What’s the story you never want to hear at your wedding?

[DaveSam @dsamwel]

@GrantCardone London no question. Best of the rest of the 🌎

[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.

[Borriss @_Borriss_]

Less than 168 hours since Photoshop dropped the new "Generative Fill" feature.

The demos that people are sharing are nuts.

7 jaw-dropping examples:

[Alex Hormozi @AlexHormozi]

If you can get work with your coworkers to feel like a play date with your best friends, you’ve won.

[DaveSam @dsamwel]

This slaps

[Leila Hormozi @LeilaHormozi]

Just like you don’t need to be an idiot to act like one. You don’t need to be a genius to act like one.

[Alex Hormozi @AlexHormozi]

Things that can be sold for 100% gross margins:

Software
Media (audience eyeballs)
Digital products (PDF/Courses)
Access
Brand/endorsement
Data

Who has others?

[Alex Hormozi @AlexHormozi]

Normalize working 12 hours a day doing the thing you love and ignoring people who tell you you “shouldn’t.”

[Leila Hormozi @LeilaHormozi]

Do what you said you would do.

[Alex Hormozi @AlexHormozi]

Advice to strong men:

Find a strong woman.

[Andrew D. Huberman, Ph.D. @hubermanlab]

The value of reading, and of writing things down that we read, or hear, cannot be overstated. Two expert guests (who specialize in speech and memory) on the Huberman Lab podcast explained that when we read text or listen to something and then write key aspects/takeaways down by hand- not typing, it engages our motor control centers in ways that deeply embed that information to our memory. Taking notes, however cursory, turns out to be the best way to remember and implement information later.

[Easy @NotSoEasyMoney]

Crypto staking getting banned in the US is honestly, a big deal.

Those SPL tokens you stake for a shit coin reward.
That'll be illegal in the US.

Any JPEG that has "staking" as UTILITY, better get back to the drawing board... QUICK

[Carryology @Carryology]

| Buyers Guide |
Best EDC Flashlights in 2023
https://t.co/e7qfTX09F1

[Kais @kaisisokay]

Grind on weekdays, unwind on weekends.

[Alex Hormozi @AlexHormozi]

“What niche should I pick?”

—>the one you can help the most