@SahilBloom@businessbarista Dale Carnegie’s how to win friends and influence people has a great framework, which I’ll try to boil down to a few things:
-learn about them
-care about them
-remember them
Those three things seem simple but seep into every interaction
@patrick_oshag A few topics that I haven't seen called out, and are pretty foundational:
-Time Value of Money
-Basic MicroEcon on Supply/Demand/Incentives
-Basics of Competitive Strategy
And one that's more Personal Finance:
-Money Value of Time
@dollarsanddata What has been the impact to investors from the removal of trading fees? i.e. $ gain/loss from trading fee vs price slippage from routing of order flow to preferred LPs, gain/loss in acct value from trading after removal of fee speedbump vs previous buy-and-hold, etc.
Modern college athletics rests on a set of regressive transfers.
The pandemic is revealing this corrupt bargain by forcing shools to cancel money losing sports, slow new building, and reduce salaries.
We demonstrate these dynamics in a new paper (1/6)
https://t.co/5RZX5X6X9t
@dollarsanddata Scary corollary here is that if that's indeed the risk student loan lenders are pricing in, what does that say about the value of a secondary education?
@dollarsanddata What happens if you're never able to find a job? Or you get paid in cash? Paychecks are great to garnish, but if lenders can't get to them, it doesn't matter if the debt follows borrowers to death.
I had a professor in college who would not accept a paper if it had a typo in it (we'd have to do another one on a different topic later). I really didn't understand why she made us redo them until I got into the working world, and this is a great example of why:
@cullenroche Vary the distance and intensity at which you run. Back in HS XC days, we'd do varying levels of interval runs/Ladders that would help to bring our pace down. so I guess more simply: go faster for shorter periods and work your way up on distance?
New long-form piece:
You Have to Live It To Believe It
How people's personal experiences influence how they think about risk and reward.
https://t.co/3ZwIYsUXLz
Median broadband consumption is now 145 GB/mo in the US, up 30% y/y.
Average broadband consumption is 269 GB/mo, up 40% y/y.
And over 4% of households use 1 TB or more.
Bogle is easy to praise and incredibly hard to emulate. The degree of foresight and selflessness in his life and career is staggering. It is like he shorted the status seeking circuitry in his brain.
Love this quote below