It’s a lot easier to AVOID things that make you miserable than to predict what will make you happy.

There’s an incredible @Harvard Study from 1938 that sheds light on just how to avoid a miserable life.

In 2013, reading it caused me to quit drinking and changed my life...
In 1938, Harvard enrolled 268 sophomores (all men due to the time) into The Study of Adult Development.

They also recruited a group of 456 inner city male Bostonians as a control group.
268 wealthy Harvard undergrads and 456 working class men from some of Boston's worst neighbourhoods, in one long term study to see how their lives would turn out...
Every year, they tracked these men to see how their lives turned out, including psychological and physical evaluations.

One became president of the United States. John F. Kennedy.

Others became bankers, lawyers, and doctors.
Some rose to the top from nothing and others fell off the ladder despite being given every opportunity.

83 years later, after conducting...
Thousands of interviews 🎙️

MRIs ⚕️

Blood samples 🩸

Skull measurements 💀

Interviews with their wives and over 2,000 children 👪

These are the key findings:
Alcohol Ruins Lives 🍻

Alcoholism was the main cause of divorce and unstable relationships between the men and their wives.

It caused neurosis and depression.

It was the single greatest contributor to misery and death.
Marriage Matters 👨‍🦳👴

The people who were the most satisfied in their relationships at age 50 were the healthiest at age 80.
Women who felt secure with their partners were less depressed and more happy in their relationships.

They also had better memory than those with unhappy marriages.
Those who had unhappy marriages felt both more emotional and physical pain.

People who had happy marriages in their 80’s reported that their moods didn’t suffer even on the days when they had more physical pain.
Invest in Friendships 🧑‍🤝‍🧑

Financial success depends on warmth of relationships and EQ, not on intelligence.

Those who scored highest on measurements of "warm relationships" earned an average of $141,000 a year more at their peak salaries (usually between ages 55 and 60).
IQ ≠ money 💰

There was no significant difference in income earned by men with IQs in the 110–115 range and men with IQs higher than 150.
Some other interesting stuff:

- Positive relationships with mothers in childhood earned more, were more effective, and happier in life 👩‍👦

- Positive relationships with fathers in childhood is correlated with lower rates of anxiety, better vacations, and a happier life 👨‍👦
- Liberals have more sex. Most conservative men stopped having sex at 68, while liberal men had active sex lives into their 80s ⚧️
George Vaillant, the director of the study, wrote an incredible book summarizing the results called The Triumphs of Experience.

amazon.com/Triumphs-Exper…
Reading it made me quit drinking cold turkey (at the time, I was drinking heavily 4-5 nights a week) and focus on getting into a happy relationship.

I haven't had a sip of alcohol in years and I'm happily married. I think, in part, due to reading this book.

Highly recommended.
"Invert, always invert!"

–Charlie Munger

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More from @awilkinson

19 Apr
One of the most overlooked ways to increase revenue is something called Pricing Power.

Your product is so awesome or in demand that you can charge more and your customers won't leave.

Most leaders are TERRIFIED of raising prices...
But in my experience, most customers don't blink....

For example:

We randomly own a bakery.

Our manager was absolutely terrified of raising prices, even after we showed her that we were charging 25% less than our competition...
Even crazier, in the 5 years since we'd last increased pricing our costs had increased massively.

Hourly wages had been increased significantly, ingredients were more expensive, labour became tighter, rent increased.
Read 9 tweets
5 Apr
I'm pretty confident that:

In 5-10 years, nobody will be aware of crypto 🪙

It will be long forgotten by everyone other than hardcore developers...
Not because crypto won't work.

It will.

But because, as it stands, it's CONFUSING.

The technology is pushed to the forefront when it shouldn't be.

Example: find me a crypto company that doesn't mention crypto.

In an effort to promote crypto, they obscure the utility.
As @benedictevans pointed out this morning, crypto projects are often impossible to navigate or underststand as a mere mortal.

They are built for fellow crypto nerds:

Read 10 tweets
2 Apr
A funny heuristic:

What's your Batman project? 🦇

What's something, that if you don't do, nobody else will?

Imagine your life was a movie and this is the trailer:

"In a world where....______.....one woman/man...."

Read on, to see what I mean 👇

Most businesses or philanthropic projects don't need YOU to happen.

They are inevitable.

If you don't push it forward, someone else will soon or already is.

For example...
If someone didn't start Clubhouse, someone probably would have started a similar startup soon after.

Audio still would have taken off. It was inevitable.

Maybe it would have taken a little longer, but it probably would have happened.
Read 20 tweets
30 Mar
This is a story about how I lost $10,000,000 by doing something stupid.

Ten. Million. Dollars.

Literally up in smoke. Money bonfire.

That’s enough to retire with $250,000+ in annual income.

Here’s what happened…
In 2009, @metalab was a small but profitable agency.

The business was making a couple hundred thousand dollars a year in annual profit and I was trying to figure out how to invest the profits.

Agencies can be great businesses, but they are HARD.
You lose clients at random, your pipeline dries up on a dime. It’s feast or famine and unpredictable.

I kept reading about what @dhh and @jasonfried were doing with Basecamp, building software for themselves then selling monthly access to it.

wired.com/2008/02/mf-sig…
Read 57 tweets
29 Mar
I woke up at 5AM thinking about Bitclout.

On its face, Bitclout is really stupid:

1. Stupid name 😫

2. Stupid password system 🔒

3. Stupid crypto complexity 🤓

BUT, the idea is extremely interesting:

Creating a market based on betting on people and their content...
For the first time ever, Bitclout aligns the incentives of the audience and the influencer.

Here's a refresher:

1. I claim my profile, which is scraped from Twitter

2. You can buy my "coin" (aka stock) and the price goes up and down based on demand: bitclout.com/u/awilkinson
3. When people buy my coin, I get 10% of the transaction credited to me (someone buys $100 of Andrew Coin, I get $10).

The more popular Andrew Coin becomes, based on demand, the more our jointly owned coins goes up in value...
Read 14 tweets
23 Mar
One of the hardest things to balance as entrepreneur is WHEN to hire.

Hire TOO FAST and you end up with:

Toxic culture misfits 🤡

Middle management 👨‍💼👩‍💼

Parkinson’s Law: 🤼‍♀️

“Work expands so as to fill the resources available for its completion”

TLDR...
Your company gets does the same amount of work as before, way less efficiently.

Sometimes way SLOWER due to committees and too many cooks in the kitchen.

On the flip side...
Hire TOO SLOW and your life becomes a living hell 👹

You become Lucy in the chocolate factory, barely keeping up 😖

Your time gets consumed with unimportant tasks and decisions that are way below your pay grade 😩

And you don’t have time to be strategic or spot ice bergs 🗺
Read 6 tweets

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