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Dear <<First Name>>,
Hope you are gearing up for a relaxing holiday season if you haven't already taken off.
I'm looking forward to the next couple weeks as I try to get in some extra reading, spend time with family, and put in some planning for 2020.
Last week's newsletter got a 45.0% open rate and the most-clicked link was my Customer Journeyman post on Spindrift. Thanks for reading about my (harmless) addiction. The New Yorker article on The Age of Instagram Face was the most-clicked link not by me.
Consumed
Climbing the Wealth Ladder by Nick Maggiulli (blog post)
Really wonderful blog post that I've shared with a bunch of folks. Below is an image from the article to make it more enticing for you to read:
Fast earners: South Korea’s millionaire, celebrity schoolteachers (The Guardian)
Teaching pays: Cha said he earned $8m last year. “I’m madly in love with maths,” he said, looking the height of trendiness in his crimson shirt and trousers and tweed jacket, in his office in Gangnam – a wealthy part of Seoul famous for its conspicuous consumption and featured in the song Gangnam Style.
...About 300,000 students take his online class at any given time, paying $39 for a 20-hour course (traditional cram schools charge as much as $600 for a course). He teaches them tricks for taking the timed exams, including shortcuts that students can take to solve a problem faster.
2019 Annual Letter from adventur.es by Brent Beshore (blog post)
I've enjoyed following Brent on Twitter and various podcasts he's been on. His company adventur.es buys and holds businesses, many of them from retiring boomers and families who're looking to sell or de-risk by sharing ownership. His book The Messy Marketplace was a real good lesson in factors to think about when selling a business. This annual letter is an inspiring read where he reiterates the company's values throughout while clearly outlining the workings of the business and what they were able to achieve this year.
We only hire the trendiest by Dan Luu (blog post)
A great piece on applying Moneyball approach (i.e. avoiding the trendy "right looking" candidate while searching for undervalued/underestimated gems) to hiring tech talent.
The stunning videos of Kraig Adams (YouTube)
I was mesmerized by this guy's videos of him hiking through stunning landscapes. This one of him hiking 60 miles by himself in Iceland is quite something.
How busyness leads to bad decisions (BBC)
"When we get caught up in a time scarcity trap of busyness, a panicked firefighting mode, we might only have the capacity to focus on the most immediate, often low-value tasks right in front of us rather than the big project or the long-range strategic thinking that would help keep us out of the tunnel in the first place."
I will be writing about this very topic in the coming weeks.
Created
Playing in the Capitalist Economy
Inspired by a founder's tweet, I decided to take stock of the various forms of capital that I own. These include:
- Your own business
- Equity in someone else's business
- Shares in a public company
- IP: words, stories, and characters
- Real estate, land
- Audience
Happy holidays to you and your loved ones!
Cheers,
Peter
P.S. You can check out my list of books read right here. My hope is to get a good mix of challenging reads with some that are entertaining, inspiring, and instructive.
If you like what you've read, please share with your friends. They can sign up for the list here. Also, I always welcome recommendations of any kind–books, podcasts, movies, etc.
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