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2021 Week 26 Readings
Hardwork, Newspaper, Sleep, Product Led and Direct to consumers
These are the things we are reading and thinking about. Most translate into nothing useful except providing some blips in the brain.
We hope you enjoy these curated reading.
Book discussion for the Week:
The book had been mentioned pretty frequently on a few podcasts and I decided to take a look at it.
Lee Freeman-Shor divided the book into two parts.
What should you do if you are losing
What should you do if you are winning
In the two parts, he breaks down the type of investors he sees on the market like the rabbits, assassins, hunters, raiders and connoisseurs before concluding on the habits of winning and losing.
It is a fun and short read which should appeal to lots of investors. Just do not expect to come away a lot of new ideas on investing.
How to Work Hard (paulgraham.com) seems like a simple topic but in the hand of Paul Graham working hard seems to come with so many angles and magnitude. The essays covers choosing what to work on, the motivation of work, when to change your work and how much is required before it is considered as hard work.
Paul Graham continues to be one of the greatest writer on business on the internet. Worth a read.
To continue on the habit of hard work, I do try to read every major newspaper as a habit or just to pretend to my wife that I am working really hard every morning. Why I don’t read the Wall Street Journal - Klement on Investing tells me that I am fooling myself when I read the newspaper. But newspaper reading has been fun and I may just continue to pretend to work hard.
While we work hard, let’s not forget about sleeping. Sleep in the age of anxiety — Quartz (qz.com) highlights the cost of not sleeping well. As investors or humans, there is only 3 things we can control. 1. Sleep 2. Eat and 3. Exercise.
Sleep is the easiest part.
What is product-led growth? (productled.org) has been an ongoing trend in the software world for a long time. That means that user acquisition, expansion, conversion, and retention are all driven primarily by the product.
Being product led also meant that the product has the ability to onboard customers quickly and build along the customers’ feedback.
Is selling direct to consumer a product led growth too?
If you had build up a brand, controlling the whole selling process seem so logical as you control the whole experience.
The proportion of direct sales to consumer is increasingly important for Nike, not just for the sales but the controlling of the overall experience as well.