THREAD: 15 of the most useful razors and rules I've found.

Rules of thumb that simplify decisions.

Bezos' Razors:

• If unsure what action to take, let your 80-year-old self make it.

• If unsure who to work with, pick the person that has the best chances of breaking you out of a 3rd world prison.

Skinner's Law:

• If procrastinating on an item, you only have 2 options:

1. Make the pain of not doing it greater than the pain of doing it.

2. Make the pleasure of doing it greater than the pleasure of not doing it.

Luck Razor:

• If stuck with 2 equal options, pick the one that feels like it will produce the most luck later down the line.

I used this razor to go for drinks with a stranger rather than watch Netflix.

In hindsight, it was the highest ROI decision I've ever made.

Bragging Razor:

• If someone brags about their success or happiness, assume it’s half what they claim.

• If someone downplays their success or happiness, assume it’s double what they claim.

The map is not the terrain.

THREAD: The story of the week in finance is how a group of retail traders at @wallstreetbets, with assists from @ElonMusk and @Chamath, took down the establishment short sellers at GameStop.

A thread on the underlying mechanics of the $GME saga...

1/ First, for those unfamiliar with the business, GameStop is a videogame and merchandise retailer.

It has >5,000 stores, primarily in malls, across North America, Europe, and Australia.

The business has struggled to modernize, hurting its financial and stock performance.

2/ For a variety of business reasons, a bull (i.e. optimistic) case regarding its future performance has formed.

It really came to the forefront after RC Ventures, an entity managed by Chewy founder @ryancohen, disclosed a large position and assumed three board seats.

3/ @ryancohen summarized his case, stating:

"We are excited to bring our customer-obsessed mindset and technology experience to GameStop and its strategic assets...expanding the ways in which it delights customers and by becoming the ultimate destination for gamers."

4/ At the time of that statement on January 11, $GME stock was trading at about ~$20 per share.

Since then, the stock has surged to ~$200 per share and captured the public imagination.

But how did it happen?

There are two dynamics at play: a short squeeze and a gamma squeeze.

Pratik Sinha founder of ALT news is trained comrade! He is working on Communist agenda!

Thread

How many fact check he has done about any left party?No he won’t do it!
He will do fact check of Congress and few other non Left parties just to tell the world that he is unbiased!

Mukul Sinha, father of Pratik Sinha was Comrade and her mother is also comrade. They were active member of left parties!

Mukul Sinha tried to pleased Musl!ms after 2002 Riots with his fake evidence for huge donation from Musl!m Countries.

Mukul Sinha contested Gujarat Assembly elections in 2007 from a Muslim-dominated seat Shahpur in Ahemdabad, but got just 255 (0.44%) votes, losing his deposit. 😂🤣

In 2012, Sinha contested as an independent candidate from Sabarmati in Ahemdabad, and lost again, securing just 1860 (1.23%) votes!🤣🤣

As per affidavit in 2007 he had total movable asset of Rs.23,82,309

But shockingly In 2012 he had huge hike in movable assets! He has Rs.1,08,65,799 movable assets as per affidavit.
(this information are available in affidavit. This is not privet information)

One of the things I learned from @KentBeck years ago was to see cohesion in terms of divergent change rates. If you have a class and there's a set of methods that you tend to change together while leaving others alone, that set of methods could be a separate responsibility.

Once I saw this, I went so far as to write a script to mine classes in Git and find clusters of methods that all seemed to change at the same time.

Often the results were not surprising. You could've see new responsibilities emerging just by looking at the names of methods and variables. But, sometimes this time view of the code was the first indication that a class was trying to split.

Code isn’t special that way. This is all systems stuff. If you have a group of 10 people and 3 of them often change their minds together, you can start to see them as a separate group. They may even start to see themselves as a separate group. Why does this happen?

At its base, it’s because of the tension between N and N^2. As the number of things increases, the number of possible interconnections grows (bounded by N^2). It’s harder for 10 people to coordinate than 3, so we shouldn’t be surprised to see groups from cliques periodically..

I just keep being surprised by how many people expect all business to run as usual despite the fact that we're into year two of a worldwide pandemic.

Like.... anyone notice how many people's jobs got a ton harder? Or how many people lost their jobs, or the prospect of even being in the running for employment?

Anyone notice how many people now have massively heavier care responsibilities -- for children, parents, elderly relatives and friends, you name it?

Anyone notice the massive, unceasing level of stress that comes from mixed messages coming from govts, bungled safety policies and vaccination plans, endless lockdowns?

Every now and then I see someone miffed that some inessential thing hasn't gone as quickly or as efficiently as they'd have like, and I have to wonder -- are we living on the same planet?

If I were looking to do my first real estate deal with zero prior experience and no money, here's what I'd do (I did).

I'd start with the target of buying a single-family, duplex, 3plex, or 4plex in an area close to where I lived and that I was familiar with.

I'd take an online RE course to get my license as quickly as possible (I did it in 2 weeks). Upon completion, I'd sign up for the MLS system so I could start looking at deals.

I'd call the listing agents involved and pepper them with questions about active and sold listings.

I'd also tell them about my plan to buy an investment property.

I'd call local banks or mortgage brokers to get an idea of loan terms I'd be able to qualify for. Rate, Loan Amount, LTV, Term, Guaranty, etc.

I'd be building relationships with these bankers along the way.

They should be able to give you an answer in 1-2 weeks on what you'll qualify for.

**Be sure to ask them what options you'd have with an FHA loan, 3.5% down government backed.**

I'd get laser focused and pick 1 or 2 neighborhoods and learn every single thing I could about the area.

I'd drive the streets, search public city planning for the area, know every proposed & ongoing development, talk to all the listing brokers that have properties on the market

At about 19:00 hrs local time on January 26, 2021, Peoples Gazette's website (https://t.co/wkUFy0ZN63) was hit by a coordinated disruption of service across all telecommunication networks in Nigeria.

This disruption, we are increasingly learning from top federal sources, was based on a directive, from the Nigerian government to MTN, Glo Mobile and other telecom firms, that sought an immediate blacklist of our web address as well as all other alternative domain names.

Our internal assessments and notes from our readers indicate a total restriction on our website for people connecting via MTN, Glo Mobile and Airtel, i.e.: a vast majority of Nigerian Internet users.

Since our inception, we have diligently carried out our sole duty of bringing to public awareness, the rot that exists in our public and private institutions.

We have exposed the abuse of power by government officials, agencies, and cronies; corrupt practices in the public and private sectors and flagrant abuse of human rights and the rule of law by security agencies.

Okay, let's learn this morning😊😊. Quote your replies.

1. What is the pronunciation of "SUITE?"

2. What's the difference between Homonyms, Homophones and Homographs?

3. Words Denoting Places, Profession/Trade.

A. What's a house of an Eskimo called?

B. A place for the collection of dried plants is called?

C. A place where spirituous liquors are produced is?

D. One who is skilled in the care of hands and feet is what?

E. One who cuts special stones is?

F. One who lends money at exorbitant interest is?

G. One who collects postage stamps is what?

H. The head of a town council or corporation is?

I. One who compiles the dictionary is ?

4. FLOUR is pronounced as _________?

Just finished reading The Ride of a Lifetime by @RobertIger.

Incredible life and work advice from his perspective on @Disney distilled into 250+ pages.

Here's a thread of my top 10 takeaways:

1. Performance

It is a delicate matter to find the balance between demanding that your people perform at their best and not instilling in them the fear of failure.

We must instill in our people a fail fast and learn faster mentality.

2. Humility

At work and in life, you will earn the respect and trust of the people around you if you sincerely acknowledge your mistakes.

There's nothing bad in being wrong, but an error becomes a mistake unless you refuse to correct it.

3. Awareness

Be aware of what you don't know and trust what you do.

There is nothing that inspires less confidence than a person who pretends to know something they don't. True leadership and authority come from knowing who you are and not pretending to be someone you are not.

4. Leadership

We all like to believe that we are indispensable. You have to be realistic enough not to cling to the idea that you are the only person who can do the job.

Great leadership is not about being indispensable, but about helping others to be ready to take your place.