Johanna

Nobody wants to admit to themselves that they’re closed-minded. But the advantages of having that courage are massive. The ability to change your mind is a superpower.

The difference between habits and goals is not semantic. Each requires different forms of action. For example:Let’s say you want to read more books. You could set the goal to read 50 books by the end of the year, or you could create a habit and decide to always carry a book with you.

High school taught me big words. College rewarded me for using big words. Then I graduated and realized that intelligent readers outside the classroom don’t want big words. They want complex ideas made simple.

The supply of time is truly a daily miracle. You wake up in the morning and lo! your purse is magically filled with 24 hours of the unmanufactured tissue of the universe of your life! It is yours.

Martinelli highlights “the danger that basic income ‘would aggravate the problem of low pay and subsidize inefficient employers,’ leading to a proliferation of ‘lousy’ jobs.” In this scenario, those with good jobs will continue to lead fulfilling lives, now supplemented by universal income, while others will have to combine their UBI with one or... See more

What’s causing the productivity slowdown? The subject is controversial among economists, and many different answers have been proposed. Some have argued that it’s merely that existing productivity measures don’t do a good job measuring the impact of new technologies. Our argument here suggests a different explanation, that diminishing returns to... See more

Look for passion. Smart people are passionate about the projects they work on. They get very excited talking about the subject.

Ideally, you want to pay people just enough they don’t stress about cash flow. Equity is harder, but a good rule for the first 20 hires seems to be about double what your investors suggest.