Thinks 1602

WSJ: “In her new memoir, The Next Day, [Melinda] French Gates writes about how she has navigated life changes. One of the key lessons she’s learned, she says, is not to rush through them. “In that time between when you’re leaving something and you’re starting the next thing, there’s a space. I call it a clearing,” she says. “There is an enormous amount to learn when you’re sitting in that clearing.””

Sangeet Paul Choudary: “Don’t sell shovels, sell treasure maps. Shovels sell speed. Treasure maps sell direction…Most enterprise AI providers are selling shovels today. Tools that promise to execute familiar tasks faster. Generate presentations and contracts faster. Sell a thousand personalized emails. This is the gold rush logic of enterprise software. Take something you already do and expand its scale and scope. The real opportunity lies elsewhere, though. Better execution is good in a stable environment, but in an environment with structural uncertainty, what you. need is better navigation.”

Shane Parrish: “The quicker you want something, the easier it is to manipulate you.”

NYTimes: ““Journaling” is one of those squishy newfangled verbs like “friending” or “tantruming.” Just go with it. Also, a journal is not to be confused with a diary. The latter is a linear accounting of daily life, often bedecked with a lock that’s no match for a sibling with a bobby pin. The former invites tangents, musings and half-baked ideas. Think of it as a sketchbook for language (although drawings are welcome too). In short, a diary is a fenced yard; a journal is an open field.”

Tyler Cowen: “Consider global economic growth over the last few decades. China has risen in import, relative to most of the poorer nations it was once bunched with. America too has risen in economic influence, widening the gdp gap with Western Europe. The lesson is that economies with scale have prospered more than average, which is hardly surprising in a world where tech and also big business are ascendant. America and China are thus likely to prosper jointly under broadly common conditions. The inconvenient truth, for China, is that its scale relies upon American power and influence. The Chinese export machine, for instance, requires a relatively free world trading order. The recipe to date has been “mercantilism for us, free trade for everybody else.” Yet Trump threatens to smash that framework. If the world breaks down into bitterly selfish protectionist trading blocs, China will be one of the biggest losers. After all, where will the Chinese sell the rising output from their factories?”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.