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Daniel Vassallo Profile picture
@dvassallo
Aug 14, 2019 • 3 tweets • 2 min read • Read on X
If you're in a stage where you need a high degree of agility (as opposed to just keeping the lights on, and reduce operational costs), then excessive automation is often net harmful. You don't have to automate everything just because everyone else thinks it's the "best practice"!
Automation is a mechanism to improve efficiency, NOT quality. That's why we consider handmade as higher quality than machine-made.

If you depend on agility to find a profitable market fit, then survival trumps efficiency. Being efficient won't help you if you go bankrupt first.
Another relevant passage from Skin in the Game — The Logic of Risk Taking: medium.com/incerto/the-lo… by @nntaleb

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More from @dvassallo

Daniel Vassallo Profile picture
Mar 12, 2023
People are not getting this. To hedge against a bank run you don’t need an account with 40 banks. You just need 2.

Forget about FDIC. You just need to buy time via basic redundancy. Just put ~3 months worth of expenses in another bank. I’ve done this all my life.
And this won’t just protect you against a bank run, but against anything that might happen to your primary account.

When I was moving to the US from Ireland 13yrs ago, my IE bank had a “technical issue” and froze everyone’s accounts for almost a month.

But I had redundancy.
Here’s the story for those curious. A bad deployment required manual reconciliation of millions of accounts, which left at least 600,000 people without access to their money for 28 days.

Even my Amazon paycheck bounced back.

This can happen to you too.

reuters.com/article/uk-rbs…
Read 4 tweets
Daniel Vassallo Profile picture
Feb 2, 2023
This fellow @chrismanfrank believes he’s changing the educational panorama, and yet acts like a petulant 5yr old himself. On a conversation about… kids! 😂

We were mutual followers; judge for yourself:
Twitter shows who people really are sometimes
Is this with whom you would want to trust your kids? @synthesischool 😬
Read 5 tweets
Daniel Vassallo Profile picture
Jan 19, 2023
I'm not a fan of FIRE, mainly because of its distinct bimodal approach towards life: the deferring phase, and then the living phase.
First of all, I believe that the discovery of our true preferences is a life-long exercise, and the most reliable way to reveal our preferences is to live them.
Everyone I know who retired after a grueling career went into retirement unprepared, and their life went downhill fast. The "Always Be Compounding" attitude during the deferring phase gets in the way of exercising the muscle that leads to discovering what we truly like & dislike.
Read 10 tweets
Daniel Vassallo Profile picture
Jan 14, 2023
My goal this month is to convert this corner of my garage into a small room I can work from. Image
First, some insulation in the outside walls.

First time using mineral wool (cotton candy made from rocks) https://t.co/YcA1t6gs9Ten.m.wikipedia.org/wiki/Mineral_w…
Image
Insulation is inside the external walls.

Mineral wool turned out to be a lot more annoying to work with than fiberglass, but it is supposedly better for sound absorption and that’s my main concern. Image
Read 11 tweets
Daniel Vassallo Profile picture
Jan 5, 2023
My self-employment income progression so far:

Revenue Profit
2019 $33,449 -$74,061
2020 $350,989 $209,912
2021 $336,706 $304,120
2022 $541,369 $436,752
Monthly Profit & Loss:
Revenue per product/activity:
Read 21 tweets
Daniel Vassallo Profile picture
Nov 21, 2022
Why you probably should discount your prices for Black Friday:
Last year, my digital products sold over $28,000 during the Black Friday period.

This month, I'm already over $30,000, and the peak is yet to come.

Here's everything I learned about Black Friday and discounts in general:
When selling digital products with no real marginal costs, pricing is almost all about human psychology. You can charge what you think people are willing to pay for.
Read 16 tweets

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