1/ As the author of seven books I am interested in the future of books and ways authors can earn a living writing them. The stronger the incentives are to write books, the great more books will be written. Charlie Munger: “Show me the incentive and I will show you the outcome.”
2/ The ability of authors and other creators to generate income from their work is undergoing huge changes. Many authors and publishers have reached the conclusion that paid subscriptions are the business model that can best assure their financial future. Authors gain control!
3/ The monetary cost of creating tweet was approximately zero. As a volunteer my revenue is also zero since I have no paywall or business model. We need to find new ways to enable creators to earn an attractive living from their work. @stevesi's approach here is a way to do that.
4/ The motivation for writing any book should be to tell a story, just as starting a business should be motived by a desire to solve a real problem. Monetary motivations should be secondary since the probability of achieving financial success is very low. 25iq.com/2017/09/22/a-h…
5/ For many people writing a book can be cathartic, which is a fancy word for emotionally beneficial. By sharing the story you feel joy in the telling and can do things like thank people who helped you. With a newsletter you don't need a publisher's permission to publish.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Tren Griffin

Tren Griffin Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @trengriffin

31 Jan
1/ "Value at Risk (VAR) is one of the dumbest ideas ever put forward." Charlie Munger

"Life in financial markets has no relation to standard deviation." Warren Buffett

Hedge funds "love them some standard deviations" tho:
msn.com/en-us/money/ot… Image
2/ The same false assumptions that underestimates stock-market risk, mis-price options, builds bad portfolios, and generally misconstrue the financial world are also built into the standard risk software used by the world's banks. The method is called Value at Risk." Mandelbrot
3/ "You have outlying phenomena you can't anticipate on the basis of previous experience." George Soros

"The precision that goes into saying this is two standard deviation or three and therefore we can afford to take this much risk and all that, it's totally crazy." Buffett
Read 4 tweets
30 Jan
1/ When Hardcore Software drops Monday people will ask me: What Is your favorite part of the Microsoft story? How young were you then?

In the summer of 1980 when IBM arrived in Seattle to license languages and an OS and to get help on creating their PC, I was this young: Image
2/ My favorite part of the book was 1993-4 when the Information Highway was caught and then obliterated by the Internet. There's a section in the book on Tiger servers and why they failed to become commercial, the Cornell trip, the Internet retreat etc. …rdcoresoftware.learningbyshipping.com
3/ No one knows how Bill Gates' Think Weeks were actually structured better than Steven. I was always asked to supply reading material and a memo on what was happening and would happen on public networks since by then I was working at a startup funded by Bill and Craig McCaw.
Read 4 tweets
30 Jan
1/ This is an important article. Please read it and retweet as a favor to me.

"As more and more people compete for short supplies of the life-saving Covid-19 vaccine, some of the oldest and most infirm Americans are struggling just to enter the contest."bloomberg.com/news/articles/… Image
2/ "The problem has worsened as states open shots to people 65 and older, putting the oldest in competition for rapidly disappearing slots with seniors who are more computer-savvy and mobile."

Not every 90 year old at home has someone to help them.

This is a solvable problem. Image
3/ People's lives can be saved by fixing this problem.

If you have navigated this problem on the Internet for yourself or another person imagine having to do this yourself if you were 90 or older living at home with no one to help you. Imagine how terrified you might be. Image
Read 4 tweets
30 Jan
1/ Do you know who wrote this?

"Microsoft could never have scaled the way it did had BillG managed via a centralized hub-and-spoke system, with everything bottlenecked through him." …rdcoresoftware.learningbyshipping.com/subscribe
2/ "In many ways, this was BillG’s product leadership gift to Microsoft—a deeply empowered organization that also had deep product conversations at the top and across the whole organization."
3/ "Even in the early ’90s, at the height of the deepest and most challenging technology strategy questions, [BillG] never devoted the bulk of his time to micromanaging product development.”

I will wrote more about this terrific and fun to read book by @stevesi tomorrow.
Read 5 tweets
29 Jan
That people this old are forced to compete for appointments is insane!

"One woman plucked from the crowd, Tyson Greer, 77, said she had been waking up at 1 a.m. or 3 a.m. for more than a week to search online for hard-to-secure vaccination appointments."google.com/amp/s/www.seat…
If you are 80 or 90 years old and live at home you must compe with younger people for an appointment. You must navigate these convoluted vaccine appointment systems better than a 65 year old or you won't get a shot appointment. They do not always have people who can help them.
Pharmacies and groceries have special times for older people to shop. Why aren't there special times for very elderly people living alone to make a vaccine appointment? This isn't hard and failure to fix this is absolutely deadly. People will die because of this mistake.
Read 4 tweets
27 Jan
The odds that a new AMC shareholder understands movie theater economics are .... To learn they could try my post on MoviePass which digs in. Wholesale transfer pricing power is featured.25iq.com/2017/12/30/mov…
You may have recently seen discussions of wholesale transfer pricing power in such places as Stratechery yesterday in is discussion of Substack/Revue economics.
"For the movie theater owner, generating profitability is about the sodas, popcorn, candy and any other concessions they can sell. Innovation by movie theaters tends to be focused on the snack bar".
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!