Summary I think that the risk of a major cybersecurity threat – of similar economic magnitude to COVID – is under-appreciated. My friend recently got hacked and this highlighted how easily we can lose access to our email, documents and bank account if our computers and phones. It’s good to take steps to avoid beingContinue reading “Now is a good time to prepare for your phone and computer getting hacked”
Eminem – Mockingbird: Going through a phase now where I’m actually listening to the lyrics of songs. Sakura – R3HAB: Found this on an old playlist. Savage beat. Humours of Tullycrine: Bit of Irish trad. Also savage.
1. Debt: The First 5,000 Years, By David Graeber. Great book because it gets us out of our very modern and restricted understanding of how money and debt work. Perhaps, most interestingly, it debunks the idea that financial crises are a modern phenomenon – rather, they have existed for millennia. The book also suggests thatContinue reading “Pure Decent Books About How the World Works – May 2016”
Based on what I know today today, I estimate that entrepreneurship is one third talent, one third luck and one third wisdom. Talent is not teachable and, at present, is very hard to identify in first time entrepreneurs. Luck cannot be taught nor bought but plays an important role in success, and, unfortunately, is often misinterpretedContinue reading “Part 9: Entrepreneurship = Luck + Talent + Wisdom”
Based on taste tests, it turns out that experts are very bad at predicting the future price of fine Bordeaux wines – so realised Orley Ashenfelter, a Priceton economist. As told by Daniel Kahneman in Thinking Fast and Slow, when Ashenfelter built simple rules of thumb to predict prices he was able to achieve accuracy far beyondContinue reading “Part 1: Entrepreneurship is like evaluating a fancy bottle of wine”