Success is largely genetic. You need to be born with a subset of pre-determined traits, in order to be successful by metrics of human performance:
- High Intelligent (Ability to solve complex problems)
- High conscientiousness (Ability to work long hours without tiring out)
- Low Agreeableness (Task prioritisation and defense against exploitation and manipulation)
- Low Neuroticism (Ability to deal with extreme amounts of stress)
- A sense of never ending restless (insatiable greed, i.e ambition)
Going to bed late is associated with a higher IQ.
Researchers at the London School of Economics analyzed thousands of individuals to map the relationship between circadian rhythms and cognitive ability.
People with higher IQs are significantly more likely to be night owls.
The data breaks it down by sleep schedules:
• Very Dull (IQ < 75): Sleep by 11:41 PM
• Normal (IQ 90–110): Sleep by 12:10 AM
• Very Bright (IQ > 125): Sleep by 1:44 AM (and sleep in past 11:00 AM on weekends)
Why? Evolutionary psychology.
For 99% of human history, night was for sleeping. Artificial light didn't exist. Staying up late chasing complex thoughts, building projects, or solving problems is an "evolutionarily novel preference."
People with higher general intelligence are more equipped to override ancestral instincts, break away from the traditional sun-up-sun-down routine, and adapt to a modern, 24/7 world.
The early bird might get the worm.
But the night owl gets the higher IQ score.
12 Rules of Development:
1 - Never underestimate anyone (in either direction).
2 - During construction, paying more to get a material faster is the right call 90% of the time.
3 - Your GC shouldn’t be your owners rep.
4 - You won’t always have 100% all the information you need to make decisions.
5 - Getting into feuds with anyone (partners, neighbors, contractors, building dept, etc) will always cost you more.
6 - Reading every contract is part of the job.
7 - Keeping track of all invoices is (a crucial) part of the job.
8 - Unless someone is doing the work, never let them into the GP (this is what side letters are for).
9 - The two biggest mistakes you can make that are nearly impossible to recover from are paying too much for land and hiring the wrong team.
10 - The most value destruction on a site comes from entitling the wrong thing.
11 - Everything is negotiable.
12 - The more you understand the project, the more you’ll be able to negotiate.
We’ve gotten to the point where you almost lose credibility when you bring up replacement cost as a selling point.
Take literally any retail property in America:
Calculate what it would cost to build it. Add tenant improvement allowance, leasing commissions, permits, etc.
Now add what it would cost to buy that piece of land.
The number you come up with will be higher than the listing price.
Saying “below replacement cost” is like saying “the sky is blue.”
Footage shows an aggressive man harassing workers at a pizza shop until the owner steps in and shuts it down.
“My guys work 7 days a week… get out with that BS.”
He handles it himself and escorts the man out without calling police
We spent the last few months rebuilding the future of TradeZella from ground up and I’m extremely excited to share it with everyone soon.
While everyone has been building vibe coded ai slop journals, we’re reinventing the game once again.
More than just a “journal”…
🫡
For now IT is a bounce. No need to really get very excited about it.
If you are looking for a big up trend and you miss the first 10-15% of the move there is nothing lost.. At least you should be sure that there is a trend.
A proper consolidation and then a move up is the best way to approach this. Else catching knives can hurt you mostly or if you get lucky can reward you .
This was an exceptionally cogent articulation from Roelof about the state of venture capital.
"There's a lot more talent than really interesting companies to be built. And I think we're spreading a lot of that talent thin right now."
"Venture is a return-free risk."