Issue #19: on micromanagement, the creative world's bullshit industrial complex, and product design

🥸  MOOD

🪐  COOL THINGS CURATED IN OUR UNIVERSE

An excellent (and brilliantly simple) personal site from Nat Friedman, listing his operating principles. This one in particular struck a chord:

 

 

Which made me think of these words by Jerry Seinfeld:

 

 

Which reminds me of this line in Tony Fadell's book Build:

 

 

Revisiting this essay by Sean Blanda on the The Creative World's Bullshit Industrial Complex - both spot on and depressingly accurate.

TL;DR: Be Group 1

We're deep down the product design rabbit hole at startupy HQ and revisiting the best Don Norman highlights:

 

 

 

 

This - and so many other gems - added to the happiness topic - by Patricia Mou, Stuart Evans, Tanuj, and many others. I love the startupy community!

🌱  COMMUNITY HEALTH

Welcoming our new curators who joined us this week and virtual high-fiving Keely Adler, Jay Matthews, Yaro Celis, Lillian Sheng, Jimmy Cerone, and Laura Pike Seeley, and Jordan Bester for their contributions.

✨  CURATOR SPOTLIGHT

 

 

Every event in the world affects some asset price somewhere. It is incredibly intellectually stimulating to envision how the world will change over an economic cycle and the effects these changes will have on asset prices. Do it enough times and it inevitably becomes a humbling and exhilarating experience that keeps you coming back for more.

 

Investing is easy to understand but difficult to practice. It exists on a level playing field where many professional managers make it into the AUM hall of fame, but few to the IRR hall of fame. Those with exceptional IRRs seem to display discipline and fanaticism of the same kind as the top athletes in the world. In financial markets, breadth of knowledge, rigorous analysis, and cool temperament are only table stakes. Understanding market psychology is just as important since outcomes depend on the collective actions of other participants.

 

The Quantum Rules: How the Laws of Physics Explain Love, Success, and Everyday Life –Kunal K. Das. Though not an investing text in a strict sense, this mind-bending book exemplifies –much like the world of investing does- the transcendental interconnectedness that exists between different and seemingly unrelated complex systems.

 

Erin Bellisimo interviews Bruce Greenwald on the latest edition of his book, Value Investing: From Graham to Buffett and Beyond. Value investing does not equate to buying companies with low P/E ratios. Bruce Greenwald provides a concise and meaty explanation of the theoretical and functional points that define a value approach to investing in fast-growing companies.

 

The Joys of Compounding by Guatam Baid. One of the clearest and most complete accounts I’ve read on the principles behind successful investing and how these go beyond investing to business and life.

 

The Multi-Faceted Future of Value Investing with Henry Ellenbogen and Anouk Dey

As the silos between private and public investing continue to fade, Henry and Anouk provide insightful narratives for thinking about common characteristics of great businesses, from their early formation through their development into capital compounders with the potential to attain astronomical market capitalizations.

 

Tegus – developing unique business insight for investing is resource and time intensive. Tegus has managed to compile an extensive and well-credentialed network of professionals to share their stories and knowledge about the companies and industries they’ve worked in.
 

 

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