Thinks 106

Morgan Housel: “You are one person in a game with seven billion other people and infinite moving parts. The accidental impact of actions outside of your control can be more consequential than the ones you consciously take.” [via Yuvaraj]

An Introduction to Entrepreneurship: a free book by Eamonn Butler (IEA of UK). “This is not a management book about how to make your – self a successful entrepreneur. It is a basic introduction to what entrepreneurship is, why we need it, and how we can encourage it.”

The State of the Libertarian Movement after 50 Years (1970-2020): by David Hart. “The year 2020 has turned out to be a watershed year in the struggle for liberty. Little did we expect that a corona virus (remember when they called it the “novel” corona virus which meant it was merely the latest of several such viruses we have encountered?) would turn the tables against liberty and the liberty movement so suddenly, so completely, and with so little resistance on the part of the public.”

Thinks 104

India’s ever-increasing reservations: by Jaimini Bhagwati. “A more divisive society and economic disasters ahead if reservations above 50 per cent are deemed legal by the Supreme Court…India needs to gradually wean itself off all forms of reservations while providing adequate financial support to those who are socially and educationally backward.

Is China Capitalist? by Atanu Dey. “If you look at the numbers, it’s very difficult to argue that China is not a capitalist country.” – according to Branko Milanovic.

Hydrogen — Fantasy or fuel of the future? Financial Times.

Thinks 103

Bright side of the moonshots: From The Economist. “Covid-19 has brought together biomedical technologies that will transform human health…The basis of all this is the application of genetics to medicine in a systematic and transformative way—not just in understanding the pathology of diseases but in tracking their spread and curing and preventing them. This approach could underpin what is becoming known as “natural security”—the task of making societies resilient in the face of risks stemming from their connection to the living world.” More on the power of RNA therapies.

An economist’s tips on making email work for you: by Tim Harford. “Clarify and decide. A hundred emails a day is a lot if you leave half of them sitting in your inbox. Keep that up and in a month you’ll have 1,500. Give it a year and you’ll be begging to be allowed to declare email bankruptcy, post the keys through the letterbox and walk away. The solution is to be sharper about your decisions. If no action is needed then delete or archive. Most archived email is easy to find again. If action is needed, and it is brief and obvious, do it immediately.”

Reading: The CEO Test.

Thinks 102

Rajan Anandan (Sequoia): “If you go back to 2015, there were 200-250 million internet users, monetization was virtually non-existent. Today, we have close to 600 million monthly active users, monetization is probably 10 times better than it was five years ago. In 2010, India had zero unicorns. In 2015, which was the last time everyone was saying ‘valuations are high’ and ‘there is too much capital’, there were four unicorns. At the end of 2020, we have 37 unicorns…In 2020, you have 580 million monthly active users (MAU), 400 million daily users on 4G networks.” (ET)

Dan Shipper, the Sultan of Superorganizers. “I’m the co-founder and CEO of Every, which is a bundle of business-focused newsletters that we started in late 2019. As part of that bundle, I write this newsletter, Superorganizers, where the goal is to interview the smartest people in the world about how they organize themselves to do their best work. ”

Thinks 101

20+ Top Email Marketing Influencers You Should Know in 2021: includes Netcore’s Matt Vernhout.

Email is 50 years old, but there’s life in the old dog yet: from TechRadar. “According to data from Statista, roughly 306 billion emails were sent and received each day in 2020, which equates to more than 110 trillion across the course of the year.”

Bangladesh at 50: TN Ninan. “Dhaka’s justification for breaking away from West Pakistan is now self-evident. If it has done better than New Delhi in 50 years, it has completely outpaced Pakistan on every metric.”

Thinks 100

Why Opposition must not only oppose: by Ruchi Gupta. “The Opposition needs to find ways of making politics a site for community, an avenue for public service and a source of intellectual stimulation. The role of the Opposition in a representative democracy is to provide an alternative, not just to oppose. This requires serious deliberation to come up with an agenda and political programmes which can meld people’s identity and aspirations with their grievances. Traditionally, civil society has played a role in generating ideas, which were adopted by political parties but civil society too has boxed itself in the “resistance with capital R” box and is unable to move beyond rhetoric and protest.”

The 5 Purchases Every Entrepreneur Should Make: by Jodie Cook. “The products in your life directly affect how you present yourself and spend your time. Making purchases that result in you doing better work, reaching more people and being propelled faster into greatness can result in happiness, prosperity and wellbeing.”

How to Think Like a Successful Entrepreneur: by Per Bylund. “Successful entrepreneurs think about their business in value terms, and they recognize that they do not themselves determine the value of their offering — the consumer of the final good does.” [via Atanu]

Thinks 99

Graphene and Beyond: The Wonder Materials That Could Replace Silicon in Future Tech: from WSJ. “Researchers on the bleeding edge of physics, chemistry and engineering are experimenting with exotic-sounding substances to be used in microchips. They include graphene, black phosphorus, transition metal dichalcogenides, and boron nitride nanosheets. Collectively, they’re known as 2-D materials, since they are flat sheets only an atom or two thick. Largely unknown just 20 years ago, they are now regularly fabricated in labs, using methods as mundane as a blender and as tricky as high-temperature vapor deposition.”

Economics 101: from IEA (UK). “The first in a two-part series, providing 33 films in total, will cover everything from basic economic theory to important historical case studies; guaranteeing viewers will receive a comprehensive understanding of the fundamentals of economics.”

Thinks 98

Morgan Housel on Investing: “Investing is a broader field than it looks, and there is so much to learn about it outside of the narrow lens of finance…There’s a graveyard of companies and investors who tried to grow too fast, attempting to reap a decade’s worth of rewards in a year or less, learning the hard way that capitalism doesn’t like it when you try to use a cheat code.”

Alex Nowrasteh: “Humans, as economist Julian Simon long argued, are the ultimate resource. It is human creativity that turns nature into natural resources and raw materials into valuable capital and new technologies. Unfortunately, much of humanity, by accident of birth, lives in countries where human creativity is constrained. Though not the only reason for low productivity, lousy governance is often what prevents humans from making the most of their creativity and potential.” [Via CafeHayek.]

Atanu Dey: “A country deserves the government it gets. A nation of sheep begets a government of wolves. That’s so in some cases. In other cases, a nation of immoral citizens begets a government of the most vicious thieves and crooks. It’s a kakistocracy...Indians of today are as tolerant of the oppression they suffer as their forebears were of the oppression of the British they suffered in turn. It is British Raj 2.0. The skin color of the rulers have changed but not the basic nature of the master-slave relationship.

Thinks 97

Forget Customer Experience. Forget Employee Experience. Enter Total Experience: “Total experience is a strategy that connects multiexperience with customer, employee and user experience disciplines, as Brian Burke, research vice president at Gartner, explained.”

150+ ways to use AMP for Email: by Jordie van Rijn. “AMP for Email allows you to use email in ways that were never possible before. Bringing  rich engaging experiences with modern app functionality into your marketing email. How cool is it to fetch real-time content, interact with forms, configure products, interact with the sender.”

Reading: Every Last Fear by Alex Finlay.

Thinks 96

Moore’s Law for everything: by Sam Altman. “A great future isn’t complicated: we need technology to create more wealth, and policy to fairly distribute it. Everything necessary will be cheap, and everyone will have enough money to be able to afford it. As this system will be enormously popular, policymakers who embrace it early will be rewarded: they will themselves become enormously popular.”

How Being More Productive Starts With Doing Nothing: from WSJ. “It’s gotten harder to create mental breaks as work and home have blurred…Even brief timeouts help the brain reinforce long-term learning and productivity.”

Richard Epstein: “Even the failure and disintegration of socialism in Eastern Europe and the former Soviet Union has not led to a clear response to the next question: if government ownership of the means of production is so bad, why is government regulation of the private means of production so good?”