Hasan Riaz
@h1r
@h1r
Paul Graham on how life is not linear, but rather exponential:
"Teachers and coaches implicitly told us the returns were linear. "You get out," I heard a thousand times, "what you put in." They meant well, but this is rarely true. If your product is only half as good as your competitor's, you don't get half as many customers. You get no customers, a
... See moreJohn Maynard Keynes: “Better to be approximately right than precisely wrong”
Rodney Mullen (Pro Skateboarder) on how you have a competitive edge when you do something simply for the love of the game (career-wise, you will never outcompete someone who has a passion for what they do):
“I see a lot of people with talent but the one thing they don’t have is that love of just doing it for the sake of it.”
George Mack on how your personal brand is defined not by how similar you are to the tribe, but what eccentricities make you stand out from it:
"Only the irrational behaviour survives - If you study the biographies of the greats or attend the funerals of people you care about — the normal rational behavior is never mentioned. Instead, it’s filled wi
... See moreDiseconomies of Scale (Acquired episode on RenTech):
The larger your AUM, the less likely your quant strategy will work, because of “slippage”. If you have a niche business with a differentiated moat, it is worth questioning if the quality of the moat is maintained while scaling. If the moat does not scale, on the one hand, it means your scaled co
... See moreSeinfeld on finding passion for something where you have soul in the game:
Seinfeld: “I'm never not working on material. Every second of my existence, I'm thinking, could I do something with that?”
Howard Stern: “That, to me, sounds torturous.”
Seinfeld: “Your blessing in life is when you find the torture you're comfortable with."
Shane Parrish (Farnam Street) on the value of experience in forming wisdom:
"A large part of the difference between the experienced decision maker and the novice in these situations is not any particular intangible, like judgment or intuition. If one could open the lid, so to speak, and see what was in the head of the experienced decision-maker, one
... See moreKnow what game you're playing in life: A lot of mistakes come from copying people who are playing a different game than you (Morgan Housel)
Shane Parrish (Farnam Street) on the importance of spending a bit more time upfront to write well and be seamlessly understood by vast audiences:
"Good writing is expensive, but poor writing costs a fortune. Poor writing transfers the work from the writer to the reader. Good writing, on the other hand, nearly reads itself, allowing the reader to spe
... See moreJason Zweig (WSJ) on how beginner’s luck can lead you down a catastrophic path and why failing fast & early can have its advantages:
“Being right is the enemy of staying right because it leads you to forget the way the world works.”