"How to Be Happy"

"Factors that don't correlate much... age, gender, parenthood, intelligence, attractiveness, money (above the poverty line)

Factors that correlate strongly include: genetics, love and relationship satisfaction, work satisfaction"
lesswrong.com/posts/ZbgCx2nt…
"Extroversion is among the best predictors of happiness, as are conscientiousness, agreeableness, self-esteem, and optimism."

Happiness is subjective and relative. Happiness is not determined by objective factors, but by how you feel about them
"Flow and mindfulness

being "lost in the moment" may provide some of your happiest moments ... when you're not in flow, taking a step outside the moment and practicing "mindfulness" - that is, paying attention - can reduce chronic pain and depression, reduce stress and anxiety"
"How to be happier... an enormously complex thing.

Worse, we must remember the difference between experienced happiness and remembered happiness.

There is no simple fix for unhappiness; no straight path to bliss.

Happiness will be achieved differently for different people."
"Some methods for becoming happier:

Develop the habit of gratitude. Savor the good moments throughout each day

Find your purpose and live it.

Find a more fulfilling job.

Go outside and move your body.

Practice mindfulness regularly

Avoid consumerism."

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More from @NeckarValue

29 Dec
2021 left me grateful, excited, and terrified.

-Grateful because I got to write.

-Excited because I'm making money with it.

-Terrified because who knows if it's going to work out (tbd).

I sent my first email in August 2020 and as of today I have 6,689 free subscribers.🙏 Image
... as well as 392 paid subscribers for annualized revenue of ~$45,000.

I hate that this creates mixed feelings. But it does.

I'm grateful for every single subscriber. But it's not sustainable. Yet.

And, compared to many others, it's small.🤏 Image
“Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on that trolley?” Charlie Munger

"Comparison is the thief of joy.” Theodore Roosevelt
Read 18 tweets
28 Dec
Averaging up in winners.

"...the neglected but critical follow-on investment decisions.

When one of our companies starts to become a compounding machine, we may commit a lot more money as well as time to let the compounding make a difference.
altos.vc/blog/howdoyouk…
We have committed 5 to 10x, and, in a couple of cases, more than 100x our initial investment (rather than 0.6x)."
"For follow-on investments, there will be more business metrics and operating history to analyze. However, paradoxically, we’ve learned that the people and our relationship with them may end up being the most important factor, even at the later stages."
Read 4 tweets
28 Dec
Re-listened to this podcast with @honam and @acquired - fantastic conversation touching on many interesting ideas.

"You should try to be the best [investment] professional possible, public or private it doesn't matter. It's just fundamentals investing."

open.spotify.com/episode/5kMcoV…
"We've all been doing public investing for decades."

Altos encourages employees to invest their own accounts to practice and constantly learn.

"You get to know these companies over many years and decades and you see these teams. ...
Once in a while something strange happens, whether
it's 2008 or the dotcom crash, that give you this amazing gift. And if you have a mental database of various companies, about different models and teams that you can really get to know."
Read 14 tweets
22 Dec
"While other criminal organizations in Toronto were murdering over minuscule sums, the BCB created whole new enterprises.

They reacted to that orderliness by educating themselves in the realities of the marketplace rather than killing their enemies."

torontolife.com/city/this-man-…
The BCB hired “sifu,” a Cantonese term that loosely translates to “masters” but corresponds in practice to consultants. “Whenever they wanted to get into a new area, a new market, a new trade, they would hire someone to teach them how to get it done,”
To learn the credit card business, they hired manufacturers. For the drug trade, they hired chemists. They brought an industrial approach to organized crime. And Tse would become their greatest innovator.
Read 10 tweets
21 Dec
Fascinating. The new Chinese fast fashion giant.

"By 2020, Shein’s sales had risen to $10 billion, a 250% jump from the year before. In June, the company accounted for 28% of all fast fashion sales in the US — almost as much as both H&M and Zara combined"
restofworld.org/2021/how-shein…
"For years, European brands like Zara and H&M have embodied fast fashion ... Shein isn’t chasing runway trends — rather, it often knocks off items seen on TikTok and Instagram, where hype cycles move significantly faster.
... Whereas Zara typically asks manufacturers to turn around minimum orders of 2,000 items in 30 days, Shein asks for as few as 100 products in as little as 10 days. “They want factories to be much more nimble,” said Lu"
Read 10 tweets
20 Dec
Thought-provoking by @paragkhanna and @balajis
"Rather than a unipolar Pax Americana or a bipolar “New Cold War,” the future will be a decentralized race to the top as countries, cities, companies, and communities compete to attract talent and capital."

foreignpolicy.com/2021/12/11/bit…
"the United States is experiencing a relative decline in strength across economic and military axes. Its global role is more a function of its victories in 1945 and 1991 than its capabilities in 2021."
"Traditional geopolitics ... concerns itself with the eternal location of territorial powers.

the internet is adding a new dimension to this. It is not merely a passive data layer ... but a new kind of geography comparable in scope to the physical world."
Read 4 tweets

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