ankeshk

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Christopher Columbus reached the Americas in 1492. He traded colourful beads and small mirrors. In return he got gold. Both the indigenous people and the Spaniards thought of each other as fools.

Value does not arise out of usage or cash flow or how something is classified or even its history. Value arises out of perception. Its all a narrative. It always has been.

People thinking crypto is useless is a narrative. People thinking money will always lose value due to inflation is a narrative. Both are true based on your point of perception.

Can it help with technical analysis as well? And screening of stocks based on technicals?

There are 3 narratives required. As the late great copywriter Gary Halbert taught: star, story, and solution.

Who are you. Why do you do what you do. How are you different.

Answer these 3 narratives and bonding with clients becomes easier.

You've got to do less but do better. Thinking that you need to do more is the culprit.

Marie Kondo teaches how to declutter your home by using joy as measurement. You've got to do the same thing to declutter first. Make a list of everything you do. And then measure them on 3 points:

1. Does it give you joy?

2. Does it earn you compliments?

3. Does it captivate you and keep you interested?

If the answer is no for any of the 3 questions, cut it out. (Question 2 should only be used for money making activities.)

Why did Japan not have the same inflation even after printing more than anyone for a lot more years?

There is a point to gossip (which is what most news is.) Gossip connects people. Helps with bonding. When two music lovers meet, they don't each talk about their fav musician. Because that would quickly make the conversation competitive. So instead, they talk about the most famous current musician.

Don't disconnect yourself so much that it makes interaction with others difficult. Find one or two good sources of headlines. And don't go deeper than the headlines or the first paragraph. 2 minutes a day is enough news.

Thanks for continuing the discourse.

I think it's very easy to make assumptions and it's good to have heuristics to make life easier. But it's not wise to double down on them.

(You're half wrong again. I dont think stoicism that Ryan Holiday talks about is the greatest philosophy. I have read a couple of his books but dont subscribe to him. Anyways I would love to buy you a copy of his work if you want to read and judge for yourself.)

Thanks for being confidently incorrect.

I've not played Factorio but love your argument. Very thought provoking.

What happens if something in the middle breaks and you don't have a buffer? What happens if there is no iron shortage but the steel furnace blows up? Aren't buffers important in such situations?

How I raised myself from failure to success in selling - Frank Bettger. It's a classic.

I think sales can be broken down into:

1. Foundation of being perceived as an authority

2. Lead generation

3. Persuasion and conversion

4. Re-sale

Breaking it down makes it easy to become better at the sales process.