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Geography and scarcity handicapped above-average performers and protected the average ones.
Dror Poleg • Slack and the Imaginary Economy.
By their very nature, personality businesses have a single point of failure and an undesired but nonetheless planned, obsolescence. If Joe Rogan were to be hit by a bus tomorrow (I do not have a voodoo doll, I promise) or contract Covid (wear your masks), the value of the Spotify licensing deal would evaporate.
Mario Gabriele • Will Joe Rogan ever IPO?
1/ Internet, please help brainstorm! How do I design an Awesome People DAO 🥳 ?
Goal: design a system where smart nice people win in VC. It might not be possible, but I'm damn sure going to try.
Context, use cases, and questions 👇
How it’s going: Now, in the most extreme instances, GME and AMC for example, stocks are gambling tokens or crowd attention barometers and have almost no relationship to the underlying company or business. Valuation is totally irrelevant to the bull thesis and overvaluation attracts shorts that fuel further rallies. Discount rate matters but not muc... See more
Unanchored - Epsilon Theory
In a fast-paced world full of intense economic/scientific/intellectual competition and decreasing opportunities for solitude, it is harder than ever before to justify spending significant time on intangible work that may or may not pay off. You can’t put on your resume—“I spend a lot of time thinking about ideas and scribbling notes that I don’t sh... See more
Roger's Bacon • The Myth of the Myth of the Lone Genius
“There is no sadder sight than a young pessimist.” – Twain
Morgan Housel • Makes You Think
It is a human trait to organize things into categories. Inventing categories creates an illusion that there is an overriding rationale in the way that the world works.
Andrea Zittel • Andrea Zittel, "These Things I Know for Sure"
yes, reminds me of Jonathan Tarleton’s writing on the labelmaker. ”The aura of the labelmaker is not exactly glowing. It has an air of corporate efficiency and bullshit jobs, the kind of setting where something misfiled incites a low-stakes crisis. The labelmaker, the name itself a fusion of both output and executor, evinces an attempt at control.”
Social influence rests on the fact that, when faced with an abundance of choice, we habitually rely on others to know what to buy, read, wear, or listen to. When these others are “regular” people just like us, we tend to trust them more than we would a compensated spokesperson, a model in an ad, an invisible editor, or a distant celebrity.
Ana Andjelic • Social influence
