Hasan Riaz
@h1r
Hasan Riaz
Luck = Preparation + Opportunity (Seneca)
Lucky people generate their own good fortune via four basic principles:
1) They are skilled at creating and noticing chance opportunities
2) They make lucky decisions by listening to their intuition
3) They create self-fulfilling prophesies via positive expectations
4) They adopt a resilient attitude that transf
... See moreShane 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 moreDaniel Ek (episode on Acquired podcast) on how constraints breed creativity:
“Constrained growth is a plus. It helped Spotify learn how to come out with a compelling product before it broke into US market. The geographic isolation also helped insulate Spotify’s culture and build something from first principles rather than osmosis from the existing
... See moreJohn Maynard Keynes: “Better to be approximately right than precisely wrong”
Fight Right on Conflict Styles:
Partnerships generally fall into three main conflict styles, each existing along a spectrum: 1) Avoiding, 2) Validating, and 3) Volatile.
Conflict Avoidant Couple: They shy away from active conflict, preferring to focus on what works in the relationship rather than tackling issues head-on. This can sometimes lead to cl
... See moreEric Meijer (former Meta engineer) on the difference between running large teams producing an average consistent product vs. small teams producing a high-quality differentiated product:
"Large companies are like McDonalds. You need lots of processes to create a bland product with consistent quality using average employees. Small companies are like M
... See moreMuhammad Ali on how those who benefit from the status quo have an incentive to brand change as impossible:
“Impossible is just a big word thrown around by small men who find it easier to live in the world they've been given than to explore the power they have to change it. Impossible is not a fact. It's an opinion. Impossible is not a declaration. I
... 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 moreShane Parrish (Farnam Street) on the importance of being concise in communication and what the goal of conciseness should be:
"Perhaps summarization is not the ability to produce insight, but rather the ability to recognize what other people will experience as insight."
Teddy Roosevelt on slowing down as you get older:
"We must all either wear out or rust out"