Here's a wholesome Reddit thread for the holiday weekend: "What is random great advice?"

12 legit ones🧵
"You spend half your life walking and sleeping. Never buy cheap shoes or a shitty mattress."
"Don’t take criticism from people you’d never go to for advice."
"If it bothers you for more than 24 hours, speak up within 48 hours."
"Always date your spouse."
"If you think your house is haunted and see shit, buy a carbon monoxide alarm. It might be a leak making you hallucinate."
"Looking back at your past and cringing is good. That means you’ve grown since then."
"Never fry bacon naked."
"Read to your kids Every. Single. Day. From 1 day old until they graduate high school."
"If your employer offers a 401(k) match, you take it."
Before you speak, ask yourself 3 questions:

◻️Does it need to be said?
◻️Does it need to be said by me?
◻️Does it need to be said by me right now?
"Be comfortable being alone before you get in a relationship. It will keep you from staying in crap relationships just to 'not be lonely'."
"Never make any important decisions when either hungry, horny, happy, sad, tired, or angry."
If you enjoyed that, I write interesting threads 1-2x a week.

Follow @TrungTPhan to catch them in your feed.

Here's one you might like:
PS. I also write a weekly newsletter that rounds up hilarious memes and tweets on trending tech, business and internet topics

trungphan.substack.com
Tons more at the OP.

Check it out here: reddit.com/r/MadeMeSmile/…
This is actually the best advice ever
Although, sometimes it’s best to *not* give advice

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More from @TrungTPhan

27 Dec
In 1998, Marvel offered Sony all of its heroes + villains for $25m. Sony said it *only* wanted Spider-Man (and paid $10m for it)

While “No Way Home” is the first pandemic-era film to make $1B, the other Marvel films grossed $13B+ for Disney.

LESSON: Always take the first offer.
For other timeless business lessons, check out my Saturday email: trungphan.substack.com

Here is more background on the Spider Man deal from WSJ:
Notes:

◻️The $13B+ is prob closer to $20B (WSJ article from 2018)
◻️ Tom Holland Spider-Man series (Homecoming, Far From Home, No Way Home) co-produced by Disney-owned Marvel Studios and Sony-owned Columbia Pictures (w/ Sony handling distribution)

🔗 wsj.com/amp/articles/t…
Read 4 tweets
23 Dec
Why does Red Bull own an F1 team?

Because the company — which sells $7B+ of energy drinks a year — is a pure marketing firm (outsources all production).

Its invested $2B+ into F1 but has gained multiples of that for the brand by "manufacturing history".

Here’s a breakdown🧵
1/ Red Bull. Everyone's favorite concoction of sugar, B-vitamins, taurine and caffeine.

Today, it sells ~8B cans a year and is the market leader in what is a $50B+ energy drink market.

So, how is it *only* a marketing company?
2/ Red Bull makes nothing. Production is outsourced to Rauch, an Austrian bottler.

The drink blend is not proprietary (vs. Coke, which has a secret recipe).

So it spends ALOT on marketing (~35% of sales) to differentiate the brand; way more than Coca-Cola (9%) and Pepsi (7%).
Read 20 tweets
19 Dec
A Rolls-Royce starts at $300k and easily breaks 7-figures with upgrades.

Why is it so expensive? One word: bespoke.

Here’s a breakdown 🧵
1/ Rolls-Royce is the peak of lux vehicles and gets mad expensive b/c of customization: 90% of cars are one-off (very non-fungible):

◻️ Rolls produces ~5k vehicles a year (3-6 months to complete one)
◻️ In comparison, BMW makes 2m+ cars a year (takes 24-48 hours to complete one)
2/ Rolls sources the best material and employs top artisans in:
◻️sewing
◻️lighting
◻️wood paneling
◻️painting
◻️engine technicians

Each ~2.5 tonne car is worked on by 50+ specialists and customizations are done by hand.
Read 17 tweets
12 Dec
Went down a rabbit hole looking for cross-industry innovations (AKA one industry borrowing from another). Found some gems.

Here are 10 of them 🧵
James Dyson created the Dyson vacuum design after seeing how sawmills use cyclone force to eject sawdust.
The OG example: Henry Ford's car assembly line borrowed innovations from 3 industries:

◻️ Watch (interchangeable parts)
◻️ Canning (continuous flow manufacturing)
◻️ Meatpacking (Ford reversed the "disassembly" part of the meatpacking process - AKA chopping up cows)
Read 14 tweets
10 Dec
Our intuitions often leads us astray. A good reminder: study counterintuitive math and economic results.

Here are 9 of them 🧵
The Birthday Paradox

In a room of 23 people, there's a >50% chance that 2 people share the same birthday.

This type of probabilistic thinking does *not* come naturally to many people.
The Coastline Paradox

Fractal geometry is also confounding:

The coastline of a landmass does not have a well-defined measurement. As the unit of measurement gets smaller (eg. from KMs to cm), the length increases without limit.
Read 14 tweets
5 Dec
For decades, Jeff Bezos shunned ads.

But now, Amazon’s ad business is huge: it’s on a $30B+ annual run rate (more than 2x the combined sales of Twitter, Snap and Pinterest).

Here’s how it happened 🧵
1/ Amazon doesn’t break out its ad business separately in financial filings. However, most analyst believe ads make up the majority of its “Other” revenue segment.

This figure has exploded from $1B in 2015 to a current annual run rate of ~$32B.
2/ In 2009, Bezos said “ads are the price you pay for a crappy product”.

But the business is so lucrative that Amazon’s interface has been swamped with ads:

◻️ First 3-7 search results (left in red)
◻️ Most of the product page (right in blue)
Read 19 tweets

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