Michael Malo @mrsideproject

@ThePrimeagen Did prime make a video on this reddit post or am I crazy? Thought I remember seeing one but can't find it again.

@dannypostma Sorry for the noob question, but what software is that?

Awesome course on content marketing & SEO, thanks a million @timsoulo ahrefs.com/academy/bloggi…

@dannypostma I like the sound of jam packed with learnings!

@dannypostma PUMPED

@sweatystartup Talking about 70 hour work-weeks is mostly just virtue signaling. @naval said it best:

@yongfook @itsdailyin @levelsio No disrespect, but what's the answer then? First mover advantage? Not to explain his overall success, but for specific products when compared to a clone. Curious your thoughts.

@tferriss Consensus AI

People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America. I worked in M&A in the food industry. Here’s a step-by-step summary of what would actually happen: 1. The government announces that grocery retailers aren’t allowed to raise prices. 2. Grocery stores, which operate on 1-2% net margins, can’t survive if their suppliers raise prices. So the government announces that food producers (Kraft Heinz, ConAgra, Tyson, Hormel, et. al.) also aren’t allowed to raise prices. 3. Not all grocery stores are created equal. Stores in lower-income areas make less money than those in higher-income areas, as the former disproportionately sell lower-margin prepackaged foods (“center of the store”) instead of higher-margin fresh products like meat (“perimeter of the store”). Because stores in lower-income areas aren’t able to cover overhead (remember, even if their wholesale costs are fixed, their labor, utilities, insurance, and other operating expenses aren’t fixed… yet), grocery chains start to shut them down. Food deserts in rural areas and in low-income urban areas alike become worse. 4. Meanwhile, margins for food producers are also quickly eroding. Their primary costs (ingredients, energy, and labor) aren’t fixed, and their shrinking gross profits leave less cash flow available to cover overhead, maintain facilities, and reinvest in additional production capacity. 5. Grocery chains, which have finite shelf space, start to repurpose their stores (those they didn’t have to shut down, I should say) to sell more non-price-controlled items—everything from nutrition supplements to kitchenware to apparel—and less price-controlled food products. Your local Kroger or Safeway starts to look and feel more like a Walmart. 6. Food producers stop making products with lower margins. Grocery chain start competing with each other to secure inventory. Since they can’t compete by offering stronger prices (remember, producers aren’t allowed to raise prices here, and, even if they could, grocery chains no longer have the gross profit to bear price increases), they compete on things like payment terms. 7. Small grocery chains start to shut down entirely, or get sold to larger chains like Kroger. In addition to not being able to cover fixed costs, a major reason for this is because they can no longer reliably secure delivery of products, due to producers prioritizing sales to larger customers, which are able to leverage their stronger balance sheets to offer superior payment terms. 8. Smaller food producers—which typically sell via distributors, rather than directly to grocery chains—start to go out of business. Because these producers have an additional step their value chains, and because they have lower volumes over which to spread their fixed costs, their cost structure is inherently disadvantaged compared to major food producers. When grocery stores aren’t able to raise prices, cutting product costs becomes all the more important, and deprioritizing purchases from smaller producers is an easy way to do so. 9. As supply chains break down, lines start to form outside grocery stores every morning. Cities assign police officers to patrol store parking lots, and food producers draft contingency plans to assign armed escorts to delivery trucks. 10. The federal government announces a program to issue block grants for states to purchase and operate shuttered grocery stores. The USDA also seizes closed-down production facilities. 11. The government announces that prices for all key food costs—corn, wheat, cattle, energy, etc.—are also now fixed, to stop “profiteers” from gouging the now-government-operated food industry. 12. Shockingly, the government struggles to operate one of the most complex industries on the planet. The entire food supply chain starts imploding. 13. Communism, mass starvation, and the end of America quickly ensue. Hey wait a second

I think about this a lot. Good job Mr. Henrik Kniberg.

Don’t read books, read authors. Don’t read to read, read to understand. Don’t write to persuade, write to refine. Don’t speak to others, speak to hear yourself.

@LPWhisperer Ah kk, so lower cap number means higher estimated property value. Got it.

@LPWhisperer Can someone explain the "cap" stuff? New to this. Lower numbers, like 6.5, are good and bigger numbers like 11 or 12 are bad?

@PalmerLuckey @Austen MC makes 0.08% on every dollar that passes through their network, everything else (interchange) is paid to the banks backing the credit card. Crypto is more like a replacement of debit, or the Interac network. Credit cards are still their own thing and hard to displace.

@lostbutlucky @levelsio You're dumb.

The life of an entrepreneur can be brutally difficult. But nobody talks about it. Time for a stiff drink and a few words on some of the most stressful periods in my life. A thread.

Leverage. "Code and media are permissionless leverage ... An army of robots is freely available - it's just packed in data centers for heat and space efficiency" - @naval

Naval @naval

8 years ago

How to Get Rich (without getting lucky):

11K 79K 273K 0 203K

No matter how much you dislike the people who do this you don’t dislike them enough

If a $600B fund can have this login screen You're probably overengineering yours

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Sometimes I think early 20s ppl nowadays don't realize that life is supposed to be a struggle It's not supposed to be easy You'll lose, you'll fail, you'll get dumped, you will lose everything, and multiple times The whole point is that everything valuable is a struggle and that's why it has its worth If life wouldn't be a struggle it wouldn't be worth anything!