Military Dolphins, Banana Slicers, Trapped Value, & More
Today at a Glance:
Quote: Perception over reality
Image: Don't let your feelings get in the way of reality
Watching: Mango tree from a seed
Learning: Military dolphins
Tweet: Less is more
Product: Google Trends+
Trend: Catalytic Converter Protection
Idea: Banana Slicer
Podcast: Identifying the trapped value
In a marketplace, perception is more powerful than reality.
― Naved Abdali
Stock market: Reality lags, but the price can go in either direction. Use Tesla as an extreme example if we go back 10 years: low production, but Elon and his 10y vision. Or Facebook, Apple ATT introduced, but traders thought they were impervious (until recently)
Airbnb: Perception is selling the user a vision, reality is making that dream come true
This reminds me that you should never let your highs get too high and your lows too low. If you decide to keep your mentality to a certain level, you will always be happy.
I also believe that bad is generally leveraged 2x when compared to good (e.g. losing $1000 is equal in the opposite direction to winning $2000), so always keep that mentality in check when taking risks.
Time Lapse: Growing a Mango Tree from Seed
Militarized Dolphins Protect Almost a Quarter of the US Nuclear Stockpile
This is so cool! While the title talks directly about nuclear stock, these dolphins also protect harbors and ships from mines.
If a mine or other weapon is detected, the dolphin returns to its handler, who gives the animal a buoy to mark the location of the device on the surface. Passing ships know to avoid these markers while Navy explosives ordnance disposal divers neutralize the threat below.
Simpler is always better. Eliminate distractions and focus on what matters.
Google Trends Superpowered
Google Trends+. If you're a big user of Google Trends, you need this. It basically adds search volume, helps discover new trends, and smooths Google Trends lines.
This is not surprising to me. I have a friend who had her catalytic converted stolen 3 (maybe 4) times out of her Prius. Her insurance luckily covered the replacement (each replacement cost more than the worth of her car), but they would not cover the cost of protection.
Catalytic converters contain rare metals such as platinum, which makes them expensive and can be resold.
This protection puts bars around the catalytic converter in the hopes of preventing thefts.
What if I told you, there was a way to seamlessly slice bananas for your cereal. Sure, you can simply use a knife to cut your banana, or for those of you who don't like to clean up, your spoon.
It cuts uniform slices so that you don't have to deal with bites that aren't proportioned correctly.
Disclosure: I did not look up if this exists, and I'm 99% sure it does.
Geoffrey Moore - Building Gorilla Businesses
Listen on Spotify
Listen on Apple Podcasts
Takeaway: New businesses and ideas come from identifying the trapped value.
Trapped value is living right beneath your nose, but it needs to be unlocked. Think about oil -- you might know that you're sitting on a high concentration of oil, but you might not have the tools to drill for it.
Other business examples of trapped value:
The backseat of your car —> Uber
Your spare bedroom —> Airbnb