Disclaimer: This is an ongoing story and I am not privy to any facts beyond what I read on the internet like everyone else, note this is all alleged activity and everything said here is strictly for entertainment and informational purposes. There are a lot of topics that seem academic and semantic but that have really big real-world implications. One of those is the St. Petersburg Paradox and … [Read more...]
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The Toyota Production System: A Love Letter
A supermarket is a magical place. It is a place where a customer can get: What they need.At the time they need it.In the amount they need it. Supermarkets must make certain that customers can buy what they need at any time. If you run a supermarket and 10% of your products are always out of stock, customers will stop coming. They won’t be able to get everything they need when they need it … [Read more...]
A Big Little Idea Called Ergodicity (Or, The Ultimate Guide to Russian Roulette)
This is a big article. Download it as a beautiful PDF to read later! You will also get access to my popular Interesting Times newsletter where I share links to similar articles, tools and lots more. One of the most frequent questions I get from readers is “How do I win at Russian Roulette?” I’m sure you can relate. You’re standing in the dairy aisle at the grocery … [Read more...]
Priority Management: How to Prioritize Tasks and Keep Your Life in Balance
“Plans are useless, but planning is indispensable.” Dwight Eisenhower One of the primary frameworks I use in my work is something I call the business production function. It’s a diagnostic tool that lets me quickly look at the four big categories of business and asks: which one of these is the current limit? Which of these, if improved, will make the biggest impact on the … [Read more...]
The 3 Laws of Marketing: Why Nobody Buys Your Sh*t
In his book, Average is Over, economist Tyler Cowen argues that marketing, not STEM fields is the most important skill set for the future. “It might appear that a masseuse is not much affected by computers, at least provided you are skeptical about these robots that now offer massages. Nonetheless, masseuses increasingly market themselves on Google and the internet. These masseuses fit the basic … [Read more...]
The Best Books I Read in 2018
2018 was probably my best reading year ever (both in quantity and quality). A big part of it was that I joined a few different book clubs . I found they were a great way to schedule semi-regular hangouts with friends I enjoyed spending time with and also helped me get through some books I might not have finished were I reading alone. If you’re interested in starting one, having a theme seems … [Read more...]