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Patrick OShaughnessy
@patrick_oshag
, 3 tweets, 1 min read Read on Twitter
I attribute any success I've had to luck and structured repetition. Until today I'd forgotten about this (which I did in 2012): the one year pledge.

oneyearpledge.com

A lot of this site is silly (I can't even access it), but I share it because it worked and changed me
Also this was before I realized the power of the internet (I'd never written anything, been on twitter, etc). I think a grand total of 8 people ever saw this site.
I'd also like to claim credit for bird box, which I inspired with this ridiculous and pretentious photo
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More from @patrick_oshag see all

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Patrick OShaughnessy
@patrick_oshag
Great education is about

1) self directed, open-ended information gathering
2) creative activity / synthesis
3) feedback loops (via sharing/testing)

This was published in 1967 and a lot feels the same. We need education with fewer checkboxes and more creation
Favorite book in this topic is Creativity: Flow and the Psychology of Discovery and Invention by Mihaly Csikszentmihalyi

Love this passage and the idea of “the field.” Cultivating the field is critical.
This also jives with @Alex_Danco idea about entrepreneurship, that it’s not about “disruption” but rather about “rearrangement” of existing pieces.
Read 3 tweets
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Patrick OShaughnessy
@patrick_oshag
1/ With buyback nonsense again on the rise, some myth-busting (from paper by @ChrisMeredith23) ...
@ChrisMeredith23 2/ Buybacks can be expected to continue at high rates so long as interest rates continue to be lower than the earnings yields of companies and will continue to garner accusations that CEOs are manipulating earnings and
stock prices to line their own pockets.
@ChrisMeredith23 3/ But the data offers stronger support for the claims that buyback programs
on average generate long-term excess returns for shareholders, driven by the earnings of the companies. It does
not mean every buyback program is done for the same reason...
Read 15 tweets
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Patrick OShaughnessy
@patrick_oshag
This book on the hard discounter biz model is very interesting. (Thanks to my favorite grocery expert @cristinagberta)

amazon.com/Retail-Disrupt…
Gross margins are 8 points lower for hard discounters vs traditional grocers but they make it up on costs (smaller cheaper stores, less labor, less central staffing, less marketing, lower logistical costs) so that EBITDA margins are almost 2 points higher.
Due to better working capital management, hard discounters also make better use of float (“free credit”). More float + a per store payback period that is HALF that of traditional grocers means they can open new stores aggressively and spread like wildfire.
Read 4 tweets

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Babies, I am at lunch right now but when I get back I will Have Thoughts
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Oh the geezers are hard at it grafting media, it's always great to have easy scapegoats "North Korean cyber gangs.." a.msn.com/01/en-ie/AAt9g…
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