Stocks=Hamburgers, How to Speak CEO & More

Issue #46

Today at a Glance:

• Quote: Stocks are like hamburgers.

• Reading:

  • How to Speak CEO

  • Life Is Not Short

• Learning: Gunslinger Effect

• Fun: How Normal Am I?

• Tweet:

  • Look for startups missing something rather than those who have it all

  • Learn how to learn

  • Scrappiness

  • Razors

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#QUOTE

If you like burgers, you should root for their price to go down, not up – and the younger you are, the more meals your future holds. - Warren Buffett

Stocks are like hamburgers. Maybe this downturn is actually a good thing! (as long as you're young)

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#READING

How to Speak the CEO Code

//caseinterview

Short article on how to speak CEO:

1. Every problem you mention should have a solution

2. Separate facts from opinion

3. Proactively answer the 5 questions a CEO asks

4. Every proposal should have (1) what you want to do (2) three reasons why (3) resource requirements (4) when it will be done

Life Is Not Short

//dkb

This is a fictitious interview with Seneca about the shortness of life, and how to spend your limited time.

• The part of life we really live is small.

• Just because someone lives to old age doesn't mean they've lived long. They've just lasted long.

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#LEARNING

Gunslinger effect (Bohr's law)

//wikipedia

Intentional movement is slower than reactive movement

Example: the person who draws second in a gunfight will actually win the shoot-out.

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#FUN

How Normal Am I?

//hownormalami

This is a fun 5-minute experience of how AI judges your face.

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#TWEET

Paul Graham @paulg

Someone asked me to list 5 up and coming startups I thought would be huge. All 5 companies on my list were missing something big. If a potentially huge startup weren't missing something, it wouldn't be up and coming; it would already be huge.

If joining or investing in a company, you should look for a startup that is missing something rather than a startup that has it all already.

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Ethan Mollick @emollick

If you want to learn how to learn, these two charts are where you should start. They are the result of a large meta-analysis of study techniques. You should skip the highlighting, summarizing, and rereading. Instead, practice, quiz & explain. Open paper: journals.sagepub.com/stoken/rbtfl/Z…

The best learning techniques are:

1. Practice testing

2. Distributed practice

The research paper can be found here.

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Moiz Ali @moizali

I started Native Deodorant by actually buying deodorant sold on Etsy and then white-labeling it. I don’t talk about this story often, but I think it is a good example of how scrappy entrepreneurs can be, and so wanted to share it. Here’s the story: 👇👇👇

Scrappiness and resourcefulness are how you get ahead as an entrepreneur. 

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Sahil Bloom @SahilBloom

A “razor” is a rule of thumb that simplifies decision making. The most powerful razors I’ve found:

A tweet full of razors.