This crash - to whatever extent it continues - may end up damaging many millions more lives than the ones in 2017/2018 simply because more people have been exposed to crypto through hucksters and celebrities telling them this was the future. And just like the rest of the startup world, the crypto industry massively overhired to deal with the rush of new money and excitement in the industry, with clearly no strategy to prepare for the thing that crypto is best known for - crashing.
When the company is the first to give a number, you always get the job, and you have a 50% chance of getting a high salary.
People are saying that value investing is dead. That Warren Buffett and Charlie Munger are dead. They are not dead, and these ideas are not dead. They are timeless ideas. They are ideas that say that a business today is the present value of its future cash flows; that a business has a competitive advantage when there's something structural in its supply, or its brand, or its pricing power, or its ability to have a monopoly on intellectual property or government licensing. There's real things that make real businesses. And __the value that you provide to the customer is then in the pricing power that you have and in the margins that you make. And contrary to the scarcity of the word today, *profits* are a great measure of the value that you provide to people.__
In school, everything is planned for kids with strict rules. They’re constantly being evaluated and directed. They’re told what to do, what to think, and even what to wear! One survey found that the average kid has to follow twice as many restrictions as an active-duty Marine and an incarcerated felon.
Humans naturally copy the energy of the people they’re around. As a result, you can shape the conversation by *how* you say what you say.
Video games are essentially simulations. They give kids a chance to practice solving complex problems that mirror real life. The thinking skills they need to win games set them up for success as adults.
Research shows that kids who play games to escape real life (that is, to block unpleasant emotions or avoid confronting real-life stress) have a very difficult time translating their game skills to real life. This approach tends to increase depression, worsen social isolation, and in cases lead to addiction.
All too often, a metaphorical pillory is erected upon the Twitter platform, to unrelentingly bludgeon the Outrage Target of the Day™ with rotting projectiles, no clear purpose or goal in sight. Why ask for an apology if you won’t accept it when it is given? What correction can be made for a bad tweet besides removing the tweet? Is the goal to actually, truly address the specific offensive tweet and generally discourage online sexism and misogyny — or simply to stoke the fires by which the online rage mob can light their torches?
We each have a noise in our heads, an agenda and something urgent that’s grabbing our attention. And so, the amount of interest you receive (or don’t receive) has little to do with how interesting you are and a lot to do with how the people you seek to serve have organized their priorities long before you got there.
Productivity is a measure of the value of what we ship in the time we’ve got to invest. It’s not measured in drama.