Every day, a thousand recruiters post a thousand LinkedIn requests like this:

"Hi network! Looking for [incredibly niche skillset possessed by almost NO ONE but that you could train ANYONE to do in 3 months]. Please reach out if interested or know someone to refer!"

🤦‍♂️ 🤯
Seriously, this is such a massive source of alpha that companies are just burning away.

If you need some niche skillset, train them for it! The recipe isn't *that* hard:
Say it's a $120k/year job.

1. Select for smarts, culture fit, etc. Pay people for their time in your process.

2. Offer them $80k. They'll take it. Please believe me that this is true.
3. Train them for 3 months in the niche skill. All while fully integrating them into the company, the culture, etc.

4. Let them loose!

- You saved $40k in 1st-year salary.
- You have room for big raises in yr 2 to keep them happy.
- They're super engaged with your company since you trained them in the new skillset.
- Oh, and you saved $30k in recruiter fees.
- And you have a culture of growth and development.
Where's the catch? It's just that you have think slightly out of the "pay an external recruiter to solve this problem for me" straitjacket.

I know this works because I've seen it. Smart companies crush the run-of-the-mill ones through stuff like this.

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More from @AgustinLebron3

11 Jan
"What gives Aggregators their power is not their control of supply: they are not the only way to find websites, or to post your opinions online; rather, it is their control of demand."

This seems like the Achilles heel of decentralization maximalism.

- People go where other people go.
- Most people go where things are safe, easy and comfortable.
- So the aggregators who win will do all the moderation and custody and yes censorship that crypto-anarchists hate.
I'd love to hear counterarguments to this conclusion which accept the above fact about demand aggregation.
Read 4 tweets
1 Jan
1/ Happy New Year! 🎉🍾

Let’s start the year off right by trying to improve #fintwit.

My humble contribution today is a small thread on how to identify (and then roundly ignore) finance Twitter grifters…

1⃣ Grifters talk a lot about specific trades and (post-facto) outcomes.

Good follows talk about process, principles, and about how they might be wrong. Not as sexy but much more useful.
2⃣ Grifters make “predictions” that are hard to falsify. Even worse are the ones that tell you about predictions they made before. Even if accompanied by a timestamp, this is nearly worthless.
Read 15 tweets
31 Dec 21
1/ In the spirit of end-of-year housecleaning, here are some things I believe about the crypto world as we close 2021.

Reasoned disagreements *very* welcome!

2/ Self-custodying of important things (wallets, etc) is not a viable long-term solution if 100x'ing crypto is a goal.

My mom can't be trusted to have the necessary opsec to handle her $ in irrecoverable ways.
3/ Relatedly, code-is-law also isn't viable long-term. There will need to be mechanisms akin to our legal system to be able to "sue" to get your stuff back, adjudicate disputes, etc.
Read 14 tweets
15 Dec 21
1/ So I’ve been thinking a lot recently about arguments we see on the Twitter.

One case in point is the “crypto is the future” people vs the “crypto is a scam” people.

But what follows applies broadly. 👉👉👉
2/ Yes, there are people out there who just want to argue.

But I assume we all block them already.

I want to talk about (and to) those of us who want honest truth-seeking conversations, but sometimes get bogged down in pointless debates.
3/ I offer a mental model to help frame both our own thoughts and those of others.

This model is mine, but it’s also not mine in the sense that it’s an amalgamation of all the things I’ve learned and read and half-forgotten over the years. Here goes…
Read 12 tweets
31 Oct 21
1/ A Sunday question thread: why do American parents care so much about their kids' sports?

2/ Numbers vary but from a cursory look, somewhere between 55% and 65% of American children between 6-17 play some form of organized team sports (i.e. with instructors and coaches).

Add in the tennis, golf, running, and other individual sports and you're surely around 70%.
3/ The time investment is big, and the financial investment too. A lot of high schools are oriented around their sports teams (Friday Night Lights, etc). But why!?!?

Let's look at some reasons:
Read 14 tweets
23 Oct 21
Watched the new Bond last night.

I think I've discovered a common cognitive error which I'm going to label the Physical Embodiment Fallacy.
In this and many other superhero movies, the bad guy creates/steals some horrifying new piece of technology which is going to kill millions, enslave the world, etc.
The solution in every movie is simple: kill the bad guy and destroy his evil lair.

I.e. eliminate the physical embodiment of the problem, and the problem is solved.
Read 9 tweets

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