Trying to be smarter.
See more at http://thewaiterspad.com
More at https://thewaiterspad.com/2021/08/05/a-confusing-life-expectancy-calculation/
Five examples about clever Customer Acquisition (Cost) Strategies 1. The Happy Meal 2. AOL Discs 3. HoTMaiL 4. Netflix Coupons 5. Zillow vs Expedia sorry for the previous episode's audio
The transition from physical to digital is currently happening, this episode looks at examples so far, and tries to raise an awareness for noticing things in the future. Digital is not better than physical, but digital does improve things relative to certain jobs to be done.
A cross-post from another project, POV40IQ. A long piece about stakeholders. From letter writers like Buffett to leaders like Mattis to creators like Soderbergh, to coaches like Wooden, successful leaders are supported by aligned stakeholders.
A collection of ideas from Iger's book, The Ride of a Lifetime https://amzn.to/2Vv9WEh
This episode will riff on ideas from the Zach Lowe interview with David Epstein and his new book, Range.
An aggregation of the decision-making points from the September 2019 episode between Bill Simmons and Malcolm Gladwell. Touches on AI, medicine, NFL, Tom Wolfe, Jim Chanos, Amanda Knox, Scott Kupor, Kawhi Leonard, Bill Belichick's defense and Rory Sutherland's house. In part.
What are the stakeholders in our lives and what questions can we ask about them? donate: http://paypal.me/mikedariano venmo: mike-dariano
Notes and highlights from Walton's book, https://amzn.to/2uu4S6q. More at http://thewaiterspad.com/2018/07/26/sam-walton.
In this episode, we'll look at the numbers (from A or Z to A to Z), the world (it changes), and the brain (it's fast). I'll also suggest some solutions like getting distance, asking 'What's cheaper than a helicopter?', and the advantages of travel. Hans Rosling's is a nice contribution to the literature of books like A Field Guide to Lies, The Half-Life of Facts, How to Lie with Statistics, and How Not to Be Wrong. What makes Rosling's book different (and excellent) is the gusto. It's a book written by calloused hands. The words on the page are the same that he spoke in Davos. The thoughts are important and the thinking is too.
Links at http://thewaiterspad.com
from the 5/2/18 Wharton Moneyball Podcast ... "In Gladwell's book, he pointed out in the NHL all these great players were all born in January and February. The leagues are all by age, and so they're older than the other kids and they get the best coaches, and they do the best early, and they go in the best leagues so there's a huge skew toward hockey players born early in the year. Well, in horse racing, every horses's birthday is officially January first. So you're a three-year-old on January first but they're born anywhere from January through June. Since they are only three years old and aren't mature till five you're talking about adolescence. A horse that was born in January is almost forty months old and a horse that was born in May or June is thirty-five or thirty-six months. (In people) it's like fourteen-year-olds versus sixteen-year-olds. It's a big deal." Jeff Seder
"Teams need to be thoughtful in the way they present this information and they need to allow for different players to want data in different ways. They need to be flexible to really make a difference." Cade Massey "I remember Sam Hinkie talking about how he conveys information to the organization. Back when he was working for Daryl Morey as assistant GM of the Rockets, Sam would give information to his head coach one way, to Daryl in a different way, to the players in a third way altogether. You're going to be dramatically more effective as an analyst if you can communicate in different ways tailored to the audience." Cade Massey From the 5/2/18 Wharton Moneyball Podcast
In The Success Equation http://amzn.to/2ecUWVU Michael Mauboussin urgers readers to ask; how fast is mean reversion, how predictable is the result, and are cause and effect easily identifiable? Those answer will guide a person to using base rates or experience as their decision guide. This clip is from the 5/2/18 Wharton Moneyball Podcast
1/ Adapting your thesis 2/ Crypto-currency and techno-economic changes. 3/ Wolrd After Capital
How do you make Billions? Spend two hours a day six days a week writing in a storage locker with one chair with your best friend and then repeat that (kinda) for twenty years.
notes at http://thewaiterspad.com/2018/04/10/katrina-lake
In summary, Danielle Weisberg and Carly Zakin have succeeded because they noticed poor product-market fit and made a small bet to build something using their existing skills and being curious along the way. Once their brand snowball got rolling, they focused on strengthening it and are now expanding to other areas. More notes at https://thewaiterspad.com/2018/03/19/theskimm/
- Why does alpha erosion occur? - How are business moats built? - Who are the best capital allocators? Show notes at: http://thewaiterspad.com/2018/03/01/moats-and-allocators
David Ogilvy was known for his advertising 'rules.' After diving deeper into his work I found out these aren't really rules at all but conclusions. Ogilvy's first principle is *do what works*. This episode will focus on three things that anyone in any industry can do. 1/ He was objective in his research. If the facts differ from your beliefs, change your beliefs rather than the facts. 2/ He created advertising around big ideas. Images should aim to inspire intrigue, not win awards at Cannes. 3/ He groomed a culture. Hire "gentlemen with brains" and give them the autonomy to do good work. Also, avoid bureaucratic bloat. "If you were a dairy farmer and kept cows, would you employ twice as many milkers as you have cows?" A pdf of this is available at http://thewaiterspad.com
A few things that caught my eye. Notes at http://thewaiterspad.com Why is Nick Saban undefeated against former assistant coaches? Why is Philadelphia an undefeated home underdog? Why are there called strikes in betting pools? Why is visualizing data so helpful? Why is novel data helpful too? Why is a bit identity footprint better?
More details at: http://thewaiterspad.com Arthur's paper: http://www.iwp.jku.at/born/mpwfst/02/BArthur/Arthur_B.pdf Mauboussin's interview: https://overcast.fm/+Iz-J-F6_E
Inspiration: http://amzn.to/2kf2xXW
Part two of the audio version of these posts: https://thewaiterspad.com/?s=%22TIL2017+Summary+Series%22
An audio version of the end-of-year posts at http://thewaiterspad.com
For links and block quotes: https://thewaiterspad.com/2017/10/23/rory-week-15/
Notes: https://docs.google.com/document/d/1HL5xe_oUzThcpZLYiiTVqRjaXRs4w8DMnTkUU1m4pZw/edit?usp=sharing
We all exist within a system and each system nudges (or shoves) us certain ways. Whether it's women in tech, people on bikes, or neighborhoods with more roads than sidewalks. Inspiration from http://amzn.to/2xBVGj6 Notes: https://docs.google.com/document/d/1P7RdgegXusudhZBhhfQF3lfV77Vlofwf6GQgRMNocQQ/edit?usp=sharing
For All the Tea in China http://amzn.to/2u9Mam1 is a wonderful book. It covers the 1800 East India Company, Robert Fortune (and his forgotten wife!), and how to succeed in England without even dying. We'll touch on only a few parts of Fortune's story. Modern Monopolies http://amzn.to/2uj8REC makes the case that it's platform businesses that will rule the day. I guess that YouTube is the best of these. We also look at 6 things platforms need to do (#5 is no naked men).
Inspiration: http://amzn.to/2ti2tKk Any business person needs to get out of the office and talk to her suppliers, customers, and competitors. "Get up and go outside, you'll learn more in five minutes of talking to somebody at a company than you will in a week of crunching its numbers." - Stephen Mandel They'll all have their own biases but they also have crucial information. You will too. "I was mixing up what I liked with what my customers wanted, writes Fearon. If you make a mistake, get out. "Quitting is very important when buying and selling stocks."
Early Retirement Extreme by Jacob Fisker http://amzn.to/2tnUNJ1 1. Reframe where you are. 2. The more you know the less you need. 3. A robust modular life.
OQ/ http://amzn.to/2rQ59hC 1/ The Startup, http://amzn.to/2rftD5h. Failed startups, http://amzn.to/1nztynB 2/ Breaking apart problems (multiplication, Legos) 3/ Beanie Babies post, http://thewaiterspad.com/2017/06/07/beanie-babies/beanie-babies 4/ Culture advice from a "Bull"
OQ: http://amzn.to/2rftD5h 1/ Star Wars convexity 2/ Checklists are fun! 3/ Base rates on motorcycles 4/ The stories we tell ourselves Support: https://gumroad.com/l/mikesnotes
OQ: http://amzn.to/2pBTq6T 5:50 don't shoot the dog 11:30 walking the idea maze 17:30 boring businesses 23:30 the David Swenson checklist Support: https://gumroad.com/l/mikesnotes
OQ: Dan Carlin on the History on Fire podcast 1/ What job does this service/product do? What job are YOU hired for? 2/ Good decision makers put their thoughts down on paper. One way to do that is with checklists. 3/ To learn, find relevance not information. 4/ Common principles to wealth and health. (https://thewaiterspad.com/2017/05/15/finances-and-fitness/)
OQ: http://amzn.to/2pBTq6T #1 What to do when 'that's interesting.' #2 Technology is not the MIT for technology startups, instead it's luck, persistence, and elbow grease. #3 When starting, copy structures, formulas, or philosophy. When advancing be more like Sherlock Holmes
Intro: the metaphor of tracking (Boyd Varty on Invest Like the Best). 1/ Thinking Small, http://amzn.to/2oNLFKF. 2/ Multiple compound yields and the triangle of mediocrity. 3/ Patrick Collison on starting a startup 4/ Me on Ryan Holiday on reading
Greek heroes, getting better, building your toolbox, and arguing well. Mike's Notes - https://thewaiterspad.com/mikes-notes/
From Santa Fe Institute: https://www.youtube.com/watch?v=QSCbnS1yCzI
Intro: Tools of Titans, but for classical education 1/ 20 year technology cycles 2/ Using the 51% solution at Soulcycle 3/ Reading advice from president Obama's Chief of Staff
Feedback: https://thewaiterspad.com/podcast-feedback/ Monthly subscription: https://gumroad.com/l/mikesnotes
How to learn algebra. What does flipping burgers and "plain vanilla stock picking" have in common? Can you get paid more for the work you love? (Sisyphus) A couple lessons from Danny Meyer.
All NBA edition, mostly based on Daryl Morey's interview with Zach Lowe at MIT Sloan. Questions? 559-464-5393 or @mikedariano
Introduction quote: http://www.safalniveshak.com/investing-simple-not-easy/ Taleb's MOOC: https://www.youtube.com/channel/UC8uY6yLP9BS4BUc9BSc0Jww Prisoners of Geography: http://amzn.to/2lWGK79 a16z podcast: http://a16z.com/2017/02/25/reedhastings-netflix-entertainment-internet-streaming-content/ Cowen's book: http://amzn.to/2lWA6Og The Marshmallow Test: http://amzn.to/2mrwWBW Pressfield interview: http://www.artofmanliness.com/2017/02/23/podcast-281-overcoming-resistance-turning-pro/ Bushnell interview: http://www.npr.org/podcasts/510313/how-i-built-this My blog: http://thewaiterspad.com My latest project: https://gum.co/philiprocess
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