Eternas are some of the biggest bargains in vintage watches. This 1963 Eterna-Matic cost $509 at auction + $69 to be serviced = $578 total. It's still accurate to 7 sec/day (dial up).
So I think the worst advice is like work on what you know. Uh what you know can be changed. Particularly in a world where you everyone has personalized AI tutors. Anybody with passion and dedication can learn new knowledge and learn new skills. But what you can't change easily is what you love.
PE funds optimize for a 4-7 flip and typically resort to aggressive cost-cutting and near-term optimization at the cost of the "soul" of the business or what made it successful in the first place.
So you know, just like internet, you can see some of them turn out to be very big like Amazon, like the Netflix and then some of them is kind of go sideways and disappeared or being acquired. And so I think to me is the same approach.
I think it is insanely unfair to the companies the way they're forced to go through this process where the bankers pick the price and pick the shareholders. There's just no need to do that. If you took a freshman computer science student and a freshman finance student and said, you know, imagine how a company should go public. They would match supply and demand anonymously like you would in any auction.
The counterarguments against it are I'll politely call them fishy. Um, uh and yet it doesn't happen and we sell the chips because there's there's so much money. There's so much money riding on it.
My model is that research requires a mix of skills. The day-to-day coding and execution is crucial. But there's also a set of harder-to-learn conceptual skills, collectively called research taste. These skills take a long time to gain because they have poor feedback loops, but they take very little time to use.
Later, Genghis Khan will realize once he becomes Chinggis Khan, he will realize that the true source of most of the feuding on the steppe is over women. And later he will outlaw the kidnapping of women and the sale of women, in part not only because of what had happened to his mother, but what happened to him next in his life.
The elites would be integrated, and the empire was based on the state loyalty and the state integration. But once you bring in the factor of nation and nationalism and language, then, once in a sudden, the whole model of the integration of the elites, irrespective of their language, religion, and culture, starts falling apart.
Untangling them requires some knowledge, yes, but knowledge is cheap and easily acquired. What you really need is curiosity, self-efficacy, perseverance, perspective, and hope.
A strategically aware intelligence can choose its visible outputs to have the consequence of deceiving you, including about such matters as whether the intelligence has acquired strategic awareness
What do you do if someone doesn't immediately see how your product will solve their problems? Do you give up? No. With the Challenger Sale, you can see how you can help customers understand why they need what you do.
Update 2020-11-16: For my home, I ended up switching from the corncob bulb to three 7-way splitters and 21 100W equivalent 5000K Cree bulbs from Home Depot. I found the Cree bulbs on sale so they were about the same price, the light was more diffused and they have a higher color-rendering index.
Seems designed as an entertaining introduction to auction theory for the layperson. Requires no mathematical background and relegates math to the small print.
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