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Jack Butcher
@jackbutcher 4 years, 3 months ago 1084 views

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Building Principles:

↓

1/

Value = doing things that other people don't do, won't do or can't do.

"You get paid in direct proportion to the difficulty of problems you solve" — Elon Musk

2/

Service is high-touch result generation (building experience), product is low-touch result generation (scaling experience).

3/

In a world of infinite distraction, focus is the only path to freedom.

4/

Sell time to buy experience, sell experience to buy time.

“If you don't find a way to make money while you sleep, you will work until you die.” — Warren Buffett

5/

Use free time to build systems that free up time.

"Let systems run the business and people run the systems." — Michael Gerber

6/

You can't get good unless you get going.

“Failure is success in progress.” — Albert Einstein

7/

Make media work for you.

Write, record, design, edit once, publish twice.

8/

Build once, sell twice.

"Software is eating the world." — Marc Andreessen

More from Jack Butcher

Jack Butcher
@jackbutcher

Why you need to be selfish: (thread)

I have had countless conversations with people looking for a way to build a brand/audience/community online.

Here's the one thing I think everyone asking that question should be thinking about.

You need to be selfish.

Why?

Because (at a high level) if it helps you, it will eventually help others.

At a tactical level, it's provides the motivation to keep going.

The lack of instant feedback on what we share publically is enough to extinguish most projects before they even get moving.

But allow me to reframe the idea:

You need to do things that benefit you even if no one sees them.

Did posting @visualizevalue images into a void 18 months ago do anything for my career as a designer?

Yes.

Would I have kept going if there wasn't some selfish drive to be more competent? (and make more money, work with better clients, etc)

No.

Jack Butcher
@jackbutcher

Circle of Competence 101:

@SahilBloom x @jackbutcher

↓

1/

A Circle of Competence is the set of topic areas that align with a person's expertise.

If the entire world of information were to be expressed in a circle, an individual's Circle of Competence is the small sub-circle that represents their expertise.

2/

The idea surfaced in the 1996 BH annual letter.

"You don’t have to be an expert on every company...you only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital."

3/

A Circle of Competence is built over time.

It is built through experience, reading, dedicated study, and effort.

It is dynamic, not static.

It can expand as you deepen your knowledge in new areas. It can contract if you fail to nurture your existing areas of expertise.

4/

To engage this mental model in your life, there are two key processes to go through:

(1) Identify what falls within your circle
(2) Identify the boundaries of your circle

(1) is all about figuring out what you know, while (2) is about humbly admitting what you don’t.

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Jack Butcher
@jackbutcher

Hindsight in 2020: (10 thoughts)

Relationships > everything:

My relationship with @celiapreihs is the foundation of all the good things in my life, and has amplified the quality of hundreds of relationships with people I've got to know and learn from this year.

Shiny objects make us duller:

The grass is always greener until you're standing on it. "No" is still the highest ROI word in my vocabulary.

The internet is very, very big:

Make something work for one person (could also be yourself), then work on distribution.

Scale is seductive but you can't get it if you don't have something people want.

You can't please everyone:

If you could, there would be no point anyway - it's tough when someone doesn't love your work but it's how markets function.

The blows hit harder in the early rounds, just keep getting up.

Jack Butcher
@jackbutcher

Building a Personal Monopoly: (thread)

How to combine competence, curiosity, and character to create a category of one.

↓

1/ Competence

If we want anyone to spend their time, attention or money on anything of ours, we must first be competent.

Lots of people are competent, so there's lots of competition here.

Let's say this is "school teachers"

2/ Competence + Curiosity

If we add curiosity to the mix, competition starts to thin.

This separates the generalist practitioners from the irrationally passionate.

Let's say this is "school teachers who are curious about learning innovation"

3/ Competence + Curiosity + Character

Now combinatorics put us in category of one territory.

Let's say this is "school teachers who are curious about learning innovation, building a gamified school inspired by SpaceX's Ad Astra." (real example: @anafabrega11)

4/ Making it Tangible

All this is great until it comes to communicating it to the rest of the world.

Which is why bad packaging kills amazing ideas.

Writing, design, marketing — our job here is to lose as little as possible in translation from the intangible to the tangible.

Jack Butcher
@jackbutcher

10 ideas that changed my life: (thread)

Illustrations by @visualizevalue.

1/ Get more done by doing less.

2/ You can't get better unless you get started.

3/ Zoom out. It's getting better. (IP via @behaviorgap)

4/ 'Normal is an illusion. What is normal for the spider is chaos for the fly.' — Charles Addams

More from Software

GSK | https://secure.a...
@gosokkyu

forgive my indulgence but 2020's been a big year for @shmuplations, so here's a look back at everything that went up over the last twelve months—there's a lot of stuff I'm sure you all read & other things you'd be forgiven for missing, so let's recap (thread)

the year kicked off with shmuplations' first big video project: a subtitled translation of a 2016 NHK documentary on the 30th anniversary of Dragon Quest which features interviews with Yuji Horii, Koichi Nakamura, Akira Toriyama, and Koichi Sugiyama https://t.co/JCWA15RTlx

following DQ30 was one of the most popular articles of the year: an assortment of interviews with composers Yuzo Koshiro and Motohiro Kawashima concerning the music of Streets of Rage 1, 2 & 3 https://t.co/QUtyC9W12Z their comments on SoR3 in particular were full of gems

Game Designers: The Next Generation profiled six potential successors to the likes of Shigeru Miyamoto & Hironobu Sakaguchi, some of who you may recognise: Kazuma Kaneko, Takeshi Miyaji (1966-2011), Noboru Harada, Kan Naitou, Takashi Tokita & Ryoji Amano https://t.co/lWZU3PLvwX

from the 2010 Akumajou Dracula Best Music Collections Box, a subbed video feature on long-time Castlevania composer Michiru Yamane https://t.co/NMJe4ROozR sadly, Chiruru has since passed; Yamane wrote these albums in his honor

https://t.co/orlgPTDsKK

https://t.co/QnQl8KI9IX

Benchmark
@GetBenchmarkCo

🚨 $PSKY MedTech 🚨

🩺 Provides a healthcare CRM software

📈 Sales are set to grow by 38% YoY from 2020 to 2021

⚡️ Developing a platform for third-parties to commercialise their MedTech apps and integrate these with PatientSky’s software

✅ Becoming a Platform-as-a-Service

PatientSky $PSKY.OL was founded in 2014 in Norway and started as a patient administration tool for clinics

🩺 It serves as a platform for ordering appointments, prescriptions, video consultations and e-consultations

The solution grew rapidly from 100.000 to 1.8m app downloads in less than 4 years

🥼 And it added a myriad of possibilities along the way, starting from a simple EHR management tool to a MedTech platform

1️⃣ By 2016 it counted 100k downloads and had morphed into a SaaS tool offering a task scheduler, internet connectivity and a VOIP module

2️⃣ By 2019, it counted over 1m app downloads and added an insurance module, Electronic Health Records (EHR) and a medication tool

✨ The company also introduced a Platform-as-a-Service tool, enabling its customers to build their own medical apps on top of PatientSky’s platform

3️⃣ By 2020, it expanded into hospitals and counted over 1.8m app downloads

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Harsh Bothra
@harshbothra_

#Learn365 Day-4: Unauthenticated & Exploitable JIRA Vulnerabilities

There are multiple security vulnerabilities associated with the various versions of JIRA software which are exploited in wild and is one of my personal favourite 3rd Party apps to hunt.

#BugBountyTips

(1/n)

(2/n)
1. CVE-2020-14179 (Information Disclosure)
a. Navigate to /secure/QueryComponent!Default.jspa
b. It leaks information about custom fields, custom SLA, etc.

2. CVE-2020-14181 (User Enumeration)
a. Navigate to /secure/ViewUserHover.jspa?username=

(3/n)
3. CVE-2020-14178 (Project Key Enumeration)
a. Navigate to /browse.
b. Observe the error message on valid vs. invalid project key. Apart from the Enumeration, you can often get unauthenticated access to the project if the protections are not in place.

(4/n)
4. CVE-2019-3402 (XSS)
a. Navigate to /secure/ConfigurePortalPages!default.jspa?view=search&searchOwnerUserName=%3Cscript%3Ealert(1)%3C/script%3E&Search=Search

5. CVE-2019-11581 (SSTI)
a. Navigate to /secure/ContactAdministrators!default.jspa

(5/n)
6. CVE-2019-3396 (Path Traversal)
7. CVE-2019-8451 (SSRF)
a. Navigate to /plugins/servlet/gadgets/makeRequest?url=https://:[email protected]
8. CVE-2019-8451 (SSRF)
a. Navigate to

Matt Bennett
@LongvueMatt

There is real opportunity to:

- scale a HoldCo
- focused on a portfolio of software & digital-forward assets
- serving niche and/or traditionally sleepy verticals

A playbook to follow...

But first... why is there opportunity?

- software is eating the world (& APIs are eating software)
- there are great product opp's for those who know where to look
- theres no real competition
- SaaS/subscription is the best delivery model out there (build once, sell twice+)

And why now?

We’re entering what I call the ‘Deployment Era’ ... where more traditional (sleepy) businesses will increasingly leverage software/tech to improve their model

And the best part is... we're on the front-end of riding this longer-term wave

So what does this mean?

Software (& other digital-first products) will eat more of the ‘traditional SMB’ stack

But most aren’t focused here bc it isn’t sexy or cool…

Which is where the opp is for those who have the right deal nose & know what to build & for who

There is big opportunity to build/scale in overlooked places...

Where you can build/acquire assets that have the best econ delivery model (SaaS/sub), w/ low competition, where you have an inside edge/know everyone in industry, & can do it when no one is looking

Glenn Greenwald
@ggreenwald

How Silicon Valley, in a Show of Monopolistic Force, Destroyed

In the last three months, tech giants have censored political speech and journalism to manipulate U.S. politics -- banning reporting on the Bidens, removing the President, destroying a new competitor -- while US liberals, with virtual unanimity, have cheered.

The ACLU said the unity of Silicon Valley monopoly power to destroy Parler was deeply troubling. Leaders from Germany, France and Mexico protested. Only US liberals support it, because the dominant strain of US liberalism is not economic socialism but political authoritarianism.

https://t.co/qD9OdwlPbV

Just three months ago, a Dem-led House Committee issued a major report warning of the dangers of the anti-trust power of Apple, Amazon, Google and Facebook. Left-wing scholars have been sounding the alarm for years. Now it's here, and liberals

We wrote a 200 page report on why corporate concentration - including the big tech radicalization engines - worsened under both Democratic and Republican administrations. It has to do with antitrust enforcement, and it's fixable by Biden. https://t.co/K85Kv34t83
— Matt Stoller (@matthewstoller) January 12, 2021

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$Henry George \u0646$

Henry George ن
@intothefuture45

Thread: *Post-Liberal reading list*
1/ Religion and the Rise of Capitalism - R.H. Tawney
Unto This Last - John Ruskin
Liberty, Equality, Fraternity - James Fitzjames Stephen
The Great Transformation - Karl Polanyi
The Quest for Community - Robert Nisbet

2/ Family and Civilisation - Carle C. Zimmerman
Science, Politics and Gnosticism - Eric Voegelin
Liberty Before Liberalism - Quentin Skinner
The Great Debate - Yuval Levin
Lincoln and the Politics of Christian Love - Grant Havers
Where We Are - Roger Scruton

3/ The Humane Vision of Wendell Berry - Various
The Unsettling of America - Wendell Berry
Moral Matters - Mark Dooley
Red Tory - Phillip Blond
Blue Labour - Eds. Ian Geary and Adrian Pabst
Together for the Common Good - Eds. Nicholas Sagovsky & Peter McGrail

4/ The Politics of Virtue - John Milbank & Adrian Pabst
Localism in a Mass Age - Eds. Mark T. Mitchell & Jason Peters
The Antimodern Condition - Peter King
The Principle of Duty - David Selbourne
Nostalgia - Anthony Esolen
A Common Human Ground - Claes G. Ryn

5/ The Politics of Gratitude - Mark T. Mitchell
A Time to Build - Yuval Levin
Remaking One Nation - Nick Timothy
Despised - Paul Embery
Defending Identity - Natan Sharansky
Between Kin and Cosmopolis - Nigel Biggar
The Virtue of Nationalism - Yoram Hazony

Aditya Todmal
@AdityaTodmal

The absolute best 15 scanners which experts are using.

Got these scanners from the following accounts:

1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX

Share for the benefit of everyone.

Listing all scanners from @Pathik_Trader Sir first.

1. Open

2. 80-20 Reversal Setup

3. Fake

4. Trapping Inside Bar (Positional Setup)

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Roger Grosse
@RogerGrosse

Important paper from Google on large batch optimization. They do impressively careful experiments measuring # iterations needed to achieve target validation error at various batch sizes. The main "surprise" is the lack of surprises. [thread]

https://t.co/7QIx5CFdfJ

The paper is a good example of lots of elements of good experimental design. They validate their metric by showing lots of variants give consistent results. They tune hyperparamters separately for each condition, check that optimum isn't at the endpoints, and measure sensitivity.

They have separate experiments where the hold fixed # iterations and # epochs, which (as they explain) measure very different things. They avoid confounds, such as batch norm's artificial dependence between batch size and regularization strength.

When the experiments are done carefully enough, the results are remarkably consistent between different datasets and architectures. Qualitatively, MNIST behaves just like ImageNet.

Importantly, they don't find any evidence for a "sharp/flat optima" effect whereby better optimization leads to worse final results. They have a good discussion of experimental artifacts/confounds in past papers where such effects were reported.

Techno Funda Investing
@TechnoFunda6

Thread 🧵explaining #ROE & #ROCE and its use in #FundamentalAnalysis

(Must read for #FA learners)

🙏Like & RT to spread learning with all 🙏

Views Welcome 👉 @dmuthuk @Vivek_Investor @datta_arvind @caniravkaria @FI_InvestIndia @AdityaD_Shah

#FundamentalAnalysis #StockMarket

1⃣

Return on Equity (#ROE) and Return on Capital Employed (#ROCE) are two important Financial Ratios used in #FundamentalAnalysis of Stocks.

#StockMarket #Investing

2⃣

Return on Equity (ROE) is the ratio of Net Income (Net Profit) of a company and it’s Total Equity (Shareholder's Equity).

Here - Shareholders Equity = Share Capital + Reserves & Surplus.

#StockMarket #Investing #FundamentalAnalysis

3⃣

#ROE is a measure of how much net profit a company is making for every rupee invested by its shareholders in the company.

It can be said that higher the ROE, better it is for the equity shareholders. It tells shareholders about how effectively their money is being used.

4⃣

However, you should not trust high ROE blindly. Biggest drawbacks or weaknesses of ROE is that it completely ignores debt.

Hence for companies having high levels of debt, ROE will give a higher but misleading value & therefore we need to look at #ROCE along with #ROE.

Vibhu Vashisth
@VIBHU_Tweet

LACHIT BORPHUKAN : AN UNSUNG WARRIOR OF THE AHOM KINGDOM & THE GREAT BATTLE OF SARAIGHAT

Originally named as Lachit Deca, Lachit Borphukan, the fierce and invincible Ahom Commander, was born during the early 17th century at Betioni in the Golaghat district of modern Assam.

His father, Momai Tamuli Borbarua was the ‘Governor’ of the kingdom and also ‘Commander-in-Chief’ of Ahom army under King Pratap Singha during his reign starting from 1603 to 1639. Lachit received military training from an early age and joined the Ahom King Jayadhvaj Singha...

...(1648-1663) as a scarf-bearer. The post ‘scarf-bearer’ or ‘Soladhara Barua’ is considered as a part of the incumbent king’s personal staff. Owing to his military training Lechit was appointed "Ghora Barua", Supdt. of the Royal horses. When Chakradhwaj Singha became king..

..of Ahom dynasty in 1663,he appointed him Suptd. of The Royal Guards &finally he was appointed as Borphukan by the king.Then onwards,he was known as Lachit Borphukan.Borphukan used to be top councillor in Ahom Kingdom. This position was embedded with executive & judicial powers.

Assam was facing incessant Islamic invasion since Jan1662, when Mughal General Mir Jumla II attacked Ahom capital Gargaon. He never defeated Ahom king Jayadhwaja Singha as king retreated to hill &continued Guerrilla warfare.Prolonged fight &prospect of stalemate disturbed Jumla.