1/ I have experimented with many different approaches over the last nine years to how to work with distributed teams.
Here's my current "best practices" approach:
2/ *General Guidelines*
a) Take spatial context seriously: If we’re discussing a specific task, we discuss it in the comment section below the task itself. If we’re talking about a specific document, we discuss it in the comments attached to the document.
3/ b) Poor communication creates more work. Getting in sync with your team and communicating to help your team stay in sync with you is not something annoying you have to do in addition to your job, it is a core and central part of your job.
4/ *Communication Prioritization*
a) Non-urgent but Important – Draft a longform explanation of the issue, relevant background, and proposed steps forward.
5/ b) Non-urgent and Not important – Consider if anything needs to be said at all, if so then communicate via Slack.
6/ c)Semi-urgent (requires feedback in the next 1-2 business days) – When it relates to a specific task: should be commented on in the Task Management System, else, send it via Slack in the appropriate channel.
7/ d) Urgent – requiring feedback soon (hours) should be sent via Slack.
e) Emergency – Call/text everyone ASAP
8/ *Knowledge Base Guidelines*
We call our knowledge base a standard operating system. It is the system we use to organize and execute these processes that make the company successful. taylorpearson.me/hiring-and-man…
9/ *Task Management Guidelines*
a) It’s Our Centralized Task Management Center - this is where tasks are assigned by team leaders.
b) Keep Task Related Communications WITHIN the task management system.
c) Add a Real Profile Picture
10/ *Messaging App Guidelines*
a) Default Open – By default, share any message with the most possible people whom it would affect. Corollary: Direct Messages are the root of all evil, confusion, and missed context. Use them only as strictly necessary.
11/ b) Slack Channels - Channels should start limited and evolve organically as more are needed. Having specific channels where any relevant participant can view things is the right balance.
12/ *Meetings Guidelines*
a) Virtual Meetings
* Take Notes – Take (detailed) notes and share them with everyone else.
* Have an Agenda
* Turn on Your Camera - no camera suggests you aren’t able to pay attention
* Screen sharing - to eliminate miscommunication
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If you could make a reading list that everyone who worked with you would be required to read, what 1-3 books would be on that reading list and why?
My list:
Getting Things Done
Work The System
Systems Bible/Seeing Like a State/Antifragile
Getting Things Done by David Allen - because you need to be able to trust someone to do something once they have said they will do it to make meaningful progress
Work the System - Because I believe you need to agree on a "systems first" framework for how work is done to be long-term effective.
1/ I think Goodhart’s Law is one of the most underappreciated ideas I know
The law itself is simple: when a measure becomes a target, it ceases to be a good measure.
2/ For example, when most people buying/renting a house or a condo, the internet search order goes something like:
1) Pick the location 2) Pick the price range 3) Pick the square footage/nr of bedrooms 4) Finally, bring in other parameters, such as a garden, backyard, etc.
3/ However, this obscures important factors: My current apartment has far more natural light and higher ceilings than my previous place but it’s cheaper because it has fewer square feet.
1/ A thread on what theories of guerilla warfare, college football, and running a company have in common.
2/ Let’s start with football (of the American variety). Generally, the way that the game is played is that there is a head coach along with an offensive and defensive coordinator.
3/ Generally, the coordinators are watching the games from the sidelines (or the box) and will call in specific plays to the offense and defense respectively.
Over the years, I've tried to keep a list of criteria for deciding on whether to take on a project.
Here are the 9 questions I ask myself now
1. If you didn’t make any money, would you still have had a great time?
2. Is the project a purple cow? Imagine having a conversation at the last cocktail party (or even better, actually have one) do people’s eyebrows raise and say “cool"
1/ The investment management business is turning into the media business, but most investment managers don't realize it.
2/ This is a natural result of aggregation theory (stratechery.com/aggregation-th…) applying itself to the investment management business.
3/ On the internet, attention is scarce and anyone that can aggregate a specific type of attention will be able to aggregate that and "match" it with investment management.
Voters have a few radical views that they are the most passionate about so candidates tend to be more radical than people that vote for them
Whatever issues are getting most talked about is what people end up voting on.
"In 2012, both sides talked about health care. In 2016, they didn’t. And so the correlation between views on health care and which candidate people voted for went down."