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Five billionaires share their top lessons on startups, life and entrepreneurship (1/10)
I interviewed 5 billionaires this week— GREG ISENBERG (@gregisenberg) January 23, 2021
I asked them to share their lessons learned on startups, life and entrepreneurship:
Here's what they told me:
10 competitive advantages that will trump talent (2/10)
To outperform, you need serious competitive advantages.— Sahil Bloom (@SahilBloom) March 20, 2021
But contrary to what you have been told, most of them don't require talent.
10 competitive advantages that you can start developing today:
Some harsh truths you probably don’t want to hear (3/10)
I\u2019ve gotten a lot of bad advice in my career and I see even more of it here on Twitter.— Nick Huber (@sweatystartup) January 3, 2021
Time for a stiff drink and some truth you probably dont want to hear.
10 significant lies you’re told about the world (4/10)
THREAD: 10 significant lies you're told about the world.— Julian Shapiro (@Julian) January 9, 2021
On startups, writing, and your career:
1. Frost & Prechter's "The EW principle" - it's the Bible
2. The complete EW writings of Hamilton Bolton
3. Visual guide to EW trading by Wayne Gorman & Jeffrey Kennedy
4. EW principle applied to the FX markets by Robert Balan
5. EW trading by Jeffrey Kennedy
6. RN Elliott's masterworks
7. Mastering the EW principle by Constance Brown
From a practical perspective, the ones by Gorman/Kennedy & Balan are the gold standard. I have read each book many times n yet there is alws smth new each time.
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Hard pass. So long as Leader Pelosi remains the most progressive candidate for Speaker, she can count on my support.
I agree that our party should, and must, evolve our leadership.
But changed leadership should reflect an actual, evolved mission; namely, an increased commitment to the middle + working class electorate that put us here.
Otherwise it’s a just new figure with the same problems.
I hope that we can move swiftly to conclude this discussion about party positions, so that we can spend more time discussing party priorities: voting rights, healthcare, wages, climate change, housing, cannabis legalization, good jobs, etc.
- W Brian Arthur at SFI today
#evolution #innovation #invention
"Novel technologies are constructed from existing technologies. These offer themselves as components for the construction of further technologies."
- W Brian Arthur at SFI today
#evolution #innovation #invention #technology #engineering #design
Unlike the two-parent #inheritance typical to (but not ubiquitous among) #complex organisms, #technology inherits features from n parents - a "vast ancestral #network" more like horizontal gene transfer networks in #bacteria.
W Brian Arthur on sumulating #invention on a chip:
Does #Archaeology support the Theory of the #AdjacentPossible - that #innovation is combinatorial, persistent, cumulative?
In short, yes. SFI's Tim Kohler on the #Paleolithic data of #technology #evolution & the #prehistory of the infamous "hockeystick" curve:
#Economist Roger Koppl of @SyracuseU presents a model for the #AdjacentPossible at SFI.
Output = "a combinatorial explosion" or #singularity, albeit one that arguably occurred millions of years ago, or in the distant future (since the model doesn't specify t = 0):
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
(1) I’m a beach bunny, & Brazil provides endless beaches for me to explore. Several of my favorites are in a rarely-visited area along the south coast of Paraíba state in the Northeast. Pink cliffs juxtapose turquoise waters like a painting, & the forests are awesome for hikes.
(2) Brazil has a ton of really special colonial towns. Paraty is wonderful, but I often get annoyed by crowds & rain. The town I prefer is #OuroPreto in Minas Gerais. The air there is so brisk & fresh, the people are so kind, and all I want to do when I’m there is stroll forever.
(3) To get away from it all, I go to the far north of the country, to the remote beaches between Jericoacoara & Lençóis Maranhenses. Along this coast, the environment is rugged & rough, & you can walk forever without seeing anyone. It’s my favorite place for sex on the beach. 😇
(4) My favorite Brazilian city is #RiodeJaneiro. It’s the most touristy place in Brazil & I think it should be. I feel genuinely sorry for someone who doesn’t get the chance to hear samba, or see the incredible mountains, or people-watch on the beach. It never gets old.
Here’s the story of how Malcom McLean made a billion dollars and which startup could be following in his footsteps. (Inspired by our episode with @laurabehrenswu)
In the early 1950s, the shipping industry was a dying business.
New York’s docks were handling half as much domestic cargo in the early 1950s as they had been in the depressed 1930s.
In thirty years, no one had invested significant money in coastal shipping.
As McLean found out, loading ships was difficult and slow.
A truck or train would deliver items to the port. Each item was unloaded separately, recorded, and carried to storage.
When a ship was ready, each item was taken from storage, counted again, and hauled on-board.
The cost of this labor was significant. As one expert at the time explained:
“A four-thousand-mile voyage for a shipment might consume 50 percent of its costs in covering just the two ten-mile movements through two ports.”
Yet, despite the industry’s issues, it felt little pressure to change.
Foreigners were barred from operating domestically. Cartels ran international routes. And gov. subsidies eased the pain of labor costs.
Reshaping the industry needed an outsider.
Enter Malcolm McLean.