THREAD: 20+ powerful razors (to help you cut through life’s noise):
The Steve Jobs Quality Razor
When building, take pride in carrying the quality all the way through.
Would you be proud for your work to be seen from every angle and perspective?
If not, keep working.
The ELI5 Razor
Complexity and jargon are often used to mask a lack of true understanding.
If you can’t explain it to a 5-year-old, you don’t really understand it.
If someone uses a lot of complexity and jargon to explain something to you, they probably don’t understand it.
Munger’s Rule of Opinions
“I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.” - Charlie Munger
Opinions aren’t free. You have to work to earn the right to have them.
The Bezos Regret Minimization Framework
The goal is to minimize the number of regrets in life.
When faced with a difficult decision: (1) Project yourself into the future (2) Look back on the decision (3) Ask "Will I regret not doing this?" (4) Take action
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” - Warren Buffett
Remember that quote and act accordingly.
Your character is your fate.
Hanlon’s Razor
Never attribute to malice that which can be adequately explained by stupidity.
In assessing someone's actions, we should not assume negative intent if there is a viable alternative explanation, such as different beliefs, incompetence, or ignorance.
If forced to choose between two options of seemingly equal merit, choose the one that doesn’t look the part.
The one who doesn’t look the part has had to overcome much more to achieve its status than the one who fit in perfectly.
Newton’s Flaming Laser Sword
If something cannot be settled by experiment or observation, it is not worth debating.
This will save you from wasting a lot of time on pointless arguments.
Machiavelli’s Razor
Never attribute to malice that which can be adequately explained by self-interest.
In assessing someone's actions, we should not assume negative intent if there is a viable alternative explanation that they are acting on rooted self-interest.
Hitchens’ Razor
What can be asserted without evidence can also be dismissed without evidence.
The burden of proof regarding a claim lies with the one who makes the claim. If unmet, no argument is required to dismiss it.
Those are 20+ powerful razors to help you cut through life’s noise.
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“Meme stocks” like AMC and GameStop have captured the attention of the financial world.
But few understand what is actually driving these furious price rallies.
THREAD: The mechanics of a meme stock rally:
1/ First off, what is a meme stock?
There is no single definition, but meme stocks can be understood as stocks that experience rapid upward price movements as a result of collective social media evangelism.
The price movements are typically not related to business fundamentals.
2/ AMC and GameStop are the two most salient examples of meme stocks from recent memory.
Both experienced furious, Reddit-fueled rallies that left the financial establishment scratching their heads.
Heroes emerged, like fearless leader @TheRoaringKitty (who is not a cat!).
“The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle.” - Steve Jobs
Exciting roles where you can do great work (so you never have to settle):
Why: Commonstock is building an ambitious vision at the nexus of investing and social and is backed by some of the best FinTech investors in the world.
Why: Beyond Protocol is an insanely ambitious blockchain project focused on building the fabric of the new, connected digital world. It is an incredible team led by @jmanzi123 and others.
Steve Jobs delivered the commencement speech at Stanford University on June 12, 2005.
16 years later, its wisdom remains.
THREAD: Lessons from Steve Jobs (on careers, startups, and life):
Develop Independent Views
To carve your own path - in your career or life - you have to develop your own views.
Steve Jobs originally went to college because it was what he was supposed to do after graduating high school.
He dropped out when he couldn’t see the value in it…
“I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. So I decided to drop out...it was one of the best decisions I ever made."
Don't chart your course based on someone else's map for your life.
“Patience is a competitive advantage. In a surprising number of fields, you can find success if you are simply willing to do the reasonable thing longer than most people.”