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Trung Phan πŸ‡¨πŸ‡¦ Profile picture
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26 Nov, 4 tweets, 2 min read
Someone cut a vid of Ed Sheeran sheering sheep πŸ’€
This vid (and comments) are def going in my Saturday newsletter: trungphan.substack.com Image
Another unreal vid from this TikTok account: β€œHow Aladdin was made”

πŸ”— vm.tiktok.com/ZM8tF6p2G/
The creator is on the Twitter machine: @Curlykidlife

(h/t @kevinbparry)

β€’ β€’ β€’

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More from @TrungTPhan

Trung Phan πŸ‡¨πŸ‡¦ Profile picture
28 Nov
The internet ripped Apple for its $19 polishing cloth. But, it's sold out with a months-long backlog.

Based on Apple's pricing psychology, the $19 price tag *actually* makes sense.

Here’s a breakdown 🧡 Image
1/ Apple’s pricing strategy is all about the number β€œ9”.

In fact, the starting price for all Apple products end in the number "9". All of them.

This is def not a coincidence. Image
2/ One of the most well-established phenomenons in pricing psychology is the "Odd Pricing Effect".

Prices ending in "9" -- from cheap to expensive products -- signal a deal and drive more consumer demand as compared to a whole round number. Image
Read 13 tweets
Trung Phan πŸ‡¨πŸ‡¦ Profile picture
24 Nov
Charlie Munger said "show me the incentive and I will show you the outcome."

A great way to learn this lessons: look at poorly-designed rules (AKA bad incentives) that had unintended consequences.

Here are 10 examples 🧡
For years, Domino's Pizza had this famous promotion: delivery within 30 mins OR the pizza was FREE.

Delivery drivers often sped to make the deadline and caused a number of accidents.

One crash victim sued Domino's and was awarded $79m. The chain shut the promotion down.
English law in Wales set the death penalty for stealing a sheep.

Beastiality was a lesser penalty, so Welshmen caught stealing sheep claimed they planned to make love to the animals.

As a result, Welshmen were given the nickname "sheep shaggers".
Read 16 tweets
Trung Phan πŸ‡¨πŸ‡¦ Profile picture
22 Nov
Elon’s Yelp review of JPMorgan is lit
People, this is parody. But if it made you laugh, you’ll love my Saturday newsletter: trungphan.substack.com
However, I did find these hilarious reviews posted on Yelp today

πŸ”— yelp.to/JQoFMbU9olb
Read 4 tweets
Trung Phan πŸ‡¨πŸ‡¦ Profile picture
21 Nov
Been writing threads on how the world's largest companies (eg. Apple, Ikea, Starbucks) use psychological hacks to get people to spend money.

Here are 10 deep dives 🧡
1/ The "Ikea Effect"
2/ Costco + value
Read 13 tweets
Trung Phan πŸ‡¨πŸ‡¦ Profile picture
18 Nov
"The Psychology of Money" by Morgan Housel is the book I've re-read the most in recent years.

Packed with insights on investing, mindset and our relationship with money. Very valuable with the current pace of markets.

Here are 8 takeaways 🧡
1/ For financial success, psychology is more important than smarts
2/ Ultimate prize = controlling your time
Read 14 tweets
Trung Phan πŸ‡¨πŸ‡¦ Profile picture
17 Nov
In the late-1990s, Shaq was at the Beverly Hills Hotel in LA when he overheard 2 people talking about a new technology.

Turns out they were Google employees. Shaq ended up getting pre-IPO shares in the startup and it remains his best investment ever.

LESSON: Always be sourcing.
For other hard-hitting life lessons, check out my Saturday newsletter: trungphan.substack.com

More from Shaq:
Shaq, Tiger, Arnold and Henry Kissinger all in the same round lol

Think Bezos did $250k for 1% of Google around then, too.
Read 5 tweets

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