Choosing a business partner could be the 2nd most important relationship you ever choose (after who you marry.)

I just got out of a 5-year partnership that had become toxic.

Here's where I went wrong.

👇🏼👇🏼👇🏼

1. If business partnership was like marriage, I'd married someone that I'd only been on a few dates with and barely knew.

I partnered out of insecurity with someone who talked a good game and seemed strong in the areas I felt weak.

This insecurity cost me $$$

2. Questions I wished I had asked before taking on a partner:

- What are my goals for this business?
- What are my strengths and weaknesses?
- What parts of starting/building this business am I the most unsure about?
- What might my perfect partner look like?

3. Qualities to look for in a business partner:

✅ Financially sensible & secure
✅ Shared vision & goals
✅ Emotionally intelligent (high eq > high iq)
✅ High integrity
✅ Similar work ethic

4. How to split equity

50/50 isn’t a business decision, it’s a settlement.

It’s a common way to decide equity splits because a down-the-middle split seems 'fair'. However, it's also lazy and more often than not is a bad deal for one person, and gets worse the longer it goes on

@naval returned to @tferris show to talk about science, happiness, reducing anxiety, and crypto

Key Takeaways:

Sequels suck because they cost 3x as much and have less time to come up with a good idea

1/20

Loves Richard Feynman because he did science and serious work but was a character who didn’t take himself to seriously. “A full stack intellectual hacker of life”

“Believing in science” is misguided. Science doesn’t need belief. If it’s not falsifiable, it’s not science.

2/20

“If there was no truth to it, it wouldn’t hurt at all. If I said Tim Ferris is fat, that would just bounce right off of you. If I said Tim Ferris and Naval are fake gurus, that might hit us because we kind of suspect at some deep level, there’s a part of that that’s true.”

3/20

“Individuals can search for truth but groups search for consensus...The moment you make science about large groups and about voting and about consensus, you’re not really practicing science anymore.”

4/20

“In an ideal scientific world, you don’t go and survey 10,000 scientists. You pick the one smartest scientist.”

Jargon is useful when it is a compressed way of communicating knowledge. Jargon is not useful when it becomes a substitute for fundamental understanding.

5/20

Sharing one incident... After Modi's Trichy youth conference, the very next morning when police were clearing up their mini-control room, they found 5 strange boys who were roaming there with bags. When police enquired them "sir, we are from Subramaniapuram in Trichy.

Whatever political meeting or conference is held in this ground, we come here on the same night or morning hours to collect the Liquor bottles to sell in the scrap shop for 50 paisa to 1 rupee per bottle and we used to earn Rs 200 to Rs 400 on each such event.

Even in the last DMK meeting the very next day we collected around 1500 bottles. But for Modi's BJP meeting, we could not find even a single bottle in the whole ground. We are coming around and around and not a single bottle in any corner of the G Corner ground in Trichy,

we are much disappointed, sir!". Police seem were stunned and pleasantly surprised. This is what Modi magic does in this nation. Modi is the one who can lead our nation and make everyone prosper with hardwork in right direction and proper approach.

This funny but interesting anecdote was published by a statewide local daily Dinamalar. I have just translated and posting it here for rest of the nation; We should realise Modi is liked by every patriotic person in this nation especially by well educated,

A thread.

Earnings Trades Simplified.

Earnings announcements are public announcements that display a company’s earnings, or lack thereof. As the earnings announcement gets closer, implied volatility tends to increase. After earnings are announced,...

1/n

the uncertainty of what will happen diminishes, and usually we see a rapid decrease in implied volatility because of it. Because of this phenomena, we tend to stick to premium selling strategies when it comes to earnings plays. We can take advantage...

2/n

of the implied volatility crush by selling premium prior to the announcement, and buying it back after the announcement.

Earnings trades are not for everyone, as they involve high amounts of uncertainty and random movements.

3/n

Why Trade Earnings -

-Increase number of occurrences, many trades available so increases of our probability of profit.

-High IV opportunities

-Short term Binary event leading to drastic volatility crush.

4/n

Factors to consider when placing earnings trade -

1. Expected Move
2. When to place trade
3. Historical Moves
4. Strategies based on market conditions

5/n

It's funny how so many people who claim to worship "democracy" also dismiss nationalism as selfish xenophobia. Democracy is absolutely meaningless without strong national sovereignty. Under globalism, citizens of any given state have little influence over how they are governed.

Nationalism isn't just mindless tribalism. People are correct to insist their government has a responsibility TO THEM that vastly outweighs any imagined responsibility to foreign governments they have absolutely no influence over, or foreign populations.

We've seen that point taken to absurd extremes by the Left during the Trump administration, with whack-job judges ruling that foreigners have rights that EXCEED those of American citizens, including absolute rights to enter the U.S. and influence its government.

And we're frequently told that some international elite "consensus" completely overrides our ability to make individual decisions - or even to petition our own government, or vote for representatives who disagree with whatever "the world" has supposedly decided.

All of that is the absolute negation of "democracy" in any form, including the dangerous mob rule and majoritarianism that the Left selectively advocates. (Notice they always have a list of things nobody gets to vote on anymore, no matter how strong the majority vote would be.)

Sharing one incident... After Modi's Trichy youth conference, the very next morning when police were clearing up their mini-control room, they found 5 strange boys who were roaming there with bags. When police enquired them "Sir, we are from Subramaniapuram in Trichy.

Whatever political meeting or conference is held in this ground, we come here on the same night or morning hours to collect the Liquor bottles to sell in the scrap shop for 50 paisa to 1 rupee per bottle and we used to earn Rs 200 to Rs 400 on each such event.

Even in the last DMK meeting the very next day we collected around 1500 bottles. But for Modi's BJP meeting, we could not find even a single bottle in the whole ground. We are coming around and around and not a single bottle in any corner of the G Corner ground in Trichy,

we are much disappointed, sir!". Police seem were stunned and pleasantly surprised. This is what Modi magic does in this nation. Modi is the one who can lead our nation and make everyone prosper with hardwork in right direction and proper approach.

This funny but interesting anecdote was published by a statewide local daily Dinamalar. I have just translated and posting it here for rest of the nation;

The Great Northern Forests of Canada, Russia and Scandinavia are doomed to destruction due to the most severe expected temperature increases from global warming anywhere on Earth which will turn them to savannah within decades with severe consequences for all life on Earth.

*An extensive review of studies published in the journal Science found that the boreal forest can't migrate north fast enough to outpace the impacts of a changing climate.*

"This forest will convert to a type of savannah."

'consequences..will be

'feedback loops created by permafrost melt and wildfire destruction represent just a few of the worrisome effects of climate change in the boreal. Boreal forest ecosystems are particularly at risk to the rising temperatures of climate change'.

'Worrisome'!https://t.co/zZNKrRnqoZ

'Boreal forests aren’t just important for the climate. They are also home to over 20,000 species and of these more than 300 species listed in the IUCN Red List.. from woodland caribou in North America, and Blakiston’s fish owl in Russia, to Siberian

'When you add up both the absorption and emission, Canada's forests haven't been a net carbon sink since 2001. Due largely to forest fires and insect infestations, the trees have actually added to..greenhouse gas emissions for each of the past 15

1) I was 30 years old. And in what many would consider a dream job. But I was pretty miserable. Because I knew I was letting my real dream--to become a screenwriter/filmmaker--die.

2) Sitting in my office one night, it hit me, if I did let the dream die, I would become toxic, because that's what death does, and that toxicity would ooze out of me, onto those I loved.

3)In that instant, I decided to make a shift, to find a way to finally, after years of denying it, do the thing. Try, at least. So I went to my best friend, @DavidLevien, who was already writing, and asked him for help.

4) David gave me The Artist's Way and said that when we had the right idea, he and I would write a screenplay together.

5) Soon thereafter, I had to good luck of walking into an illegal poker club in NYC, called David in the middle of the night, and we decided to write the thing.

I've spoken to around 1,000 companies over the last 6 months about their plans for remote work going forward

Here are a few things I've learned

[ a thread ] 💻🏠🌍

🏢 HQ's are finished: companies will cut their commercial office space by 40-60%

The will allow every worker to work from home 2-4 days a week, and come into the office 1-2 days a week

🌍 Fully distributed: ~30% of the companies we talk to are getting rid of the office entirely and going remote-first

Companies doing this have seen their workers decentralize rapidly, leaving expensive cities to be closer to family

⭐️ Access talent: The first reason they are going remote-first is simple – it lets them hire more talented people

Rather than hiring the best person in a 30-mile radius of the office, they can hire the best person in the world for every role

💰 Cut costs: The second reason they are going remote-first is because it lets them be far more cost-efficient

Rather than spending $20,000 / worker / year on office space they can provide the best remote setup on the planet for $2,000 / worker / year

So there's a class of puzzles called "river crossing puzzles" which involve having to cross a river on a boat/bridge containing some set of individuals/items with restrictions on which ones can be on the boat/left on each shore, right?

and the most common subclass of these problems is the one where you have 3 items/animals to cross with.
This is alternatively called the "fox, goose, and bag of beans" or "wolf, goat, and cabbage" puzzle.

the idea is that your boat can only carry one item at a time, but if you leave the wolf/fox unattended with the goat/goose, the wolf/fox will eat the goat/goose.
and similarly, the goose/goat will eat the beans/cabbage if left alone

so you have to set up a set of actions that never leaves either side of the river in one of the lose-states.

the solution to this variant being:
1. take the goat/goose over
2. return empty
3. take the wolf/fox over
4. return with the goat/goose
5. take the cabbage/beans over
6. return empty
7. take the goat/goose over

Years ago I would troll CrossFit/Planet Fitness until I got bored with it and created the “Car Rage” guy. People would say, stop screaming in your car and go back to trolling CrossFit. I didn’t listen.

After screaming in my car for 3 years I started doing other shit......

.... like MeatHead Minutes, Hater Dance Videos, Macho Man impersonations, Podcasting, exposing the hypocrisy of BLM, doing Live Streams nightly on YouTube, etc. People would say, stop doing this other shit and go back to screaming in your car. I didn’t listen....

.... my FB page has grown over 176k new followers since my first George Floyd video in June and all I really post about is current event shit. I posted a “Car Rage” video yesterday and people are saying, stop screaming in your car and go back to talking about politics......

.... moral of this cool story bro is the BEST thing I ever did, is not listen to what anyone told me to do. Be you.

Do YOU have what it takes to be a pulp nurse? It's a demanding, exciting, glamorous and sometimes dangerous occupation you know!

Let's look at a few job opportunities in this field... #FridayFeeling

Firstly there are many different grades of pulp nurse:
- duty nurse
- mystery nurse
- big town nurse
- scandalous nurse

You can give as far as your ambition takes you in pulp nursing!

And there are opportunities in many geographical locations:
- Washington
- Vegas
- the Caribbean
- Iberia

So be prepared to travel!

Pulp nursing opportunities are available in many specialist settings:
- prisons
- art colonies
- dude ranches
- nightmare islands

Different pay rates apply so always check before your posting.

And of course some occupations need more nursing attention than others:
- hockey players
- surf bums
- scuba enthusiasts
- astronauts

Wherever there is risk there's a need for nursing.

🇵🇱 Polish Perfection 🇵🇱

@iga_swiatek becomes the first Grand Slam singles champion from Poland and does not drop a set en route to her first career title 6-4 6-1 over Kenin.

#RolandGarros

La magie Iga ✨

🇵🇱 @iga_swiatek devient la première Polonaise à remporter un tournoi du Grand Chelem et la plus jeune championne depuis 1992.

Elle remporte la finale 6-4 6-1 contre Sofia Kenin.

#RolandGarros