Mike's Notes

More details at: http://thewaiterspad.com Arthur's paper: http://www.iwp.jku.at/born/mpwfst/02/BArthur/Arthur_B.pdf Mauboussin's interview: https://overcast.fm/+Iz-J-F6_E

Inspiration: http://amzn.to/2kf2xXW

Part two of the audio version of these posts: https://thewaiterspad.com/?s=%22TIL2017+Summary+Series%22

An audio version of the end-of-year posts at http://thewaiterspad.com

For links and block quotes: https://thewaiterspad.com/2017/10/23/rory-week-15/

Notes: https://docs.google.com/document/d/1HL5xe_oUzThcpZLYiiTVqRjaXRs4w8DMnTkUU1m4pZw/edit?usp=sharing

We all exist within a system and each system nudges (or shoves) us certain ways. Whether it's women in tech, people on bikes, or neighborhoods with more roads than sidewalks. Inspiration from http://amzn.to/2xBVGj6 Notes: https://docs.google.com/document/d/1P7RdgegXusudhZBhhfQF3lfV77Vlofwf6GQgRMNocQQ/edit?usp=sharing

Inspiration: http://amzn.to/2vpYJJK

For All the Tea in China http://amzn.to/2u9Mam1 is a wonderful book. It covers the 1800 East India Company, Robert Fortune (and his forgotten wife!), and how to succeed in England without even dying. We'll touch on only a few parts of Fortune's story. Modern Monopolies http://amzn.to/2uj8REC makes the case that it's platform businesses that will rule the day. I guess that YouTube is the best of these. We also look at 6 things platforms need to do (#5 is no naked men).

Inspiration: http://amzn.to/2ti2tKk Any business person needs to get out of the office and talk to her suppliers, customers, and competitors. "Get up and go outside, you'll learn more in five minutes of talking to somebody at a company than you will in a week of crunching its numbers." - Stephen Mandel They'll all have their own biases but they also have crucial information. You will too. "I was mixing up what I liked with what my customers wanted, writes Fearon. If you make a mistake, get out. "Quitting is very important when buying and selling stocks."

Early Retirement Extreme by Jacob Fisker http://amzn.to/2tnUNJ1 1. Reframe where you are. 2. The more you know the less you need. 3. A robust modular life.

OODA WHAT? by MIKE

OQ/ http://amzn.to/2rQ59hC 1/ The Startup, http://amzn.to/2rftD5h. Failed startups, http://amzn.to/1nztynB 2/ Breaking apart problems (multiplication, Legos) 3/ Beanie Babies post, http://thewaiterspad.com/2017/06/07/beanie-babies/beanie-babies 4/ Culture advice from a "Bull"

OQ: http://amzn.to/2rftD5h 1/ Star Wars convexity 2/ Checklists are fun! 3/ Base rates on motorcycles 4/ The stories we tell ourselves Support: https://gumroad.com/l/mikesnotes

OQ: http://amzn.to/2pBTq6T 5:50 don't shoot the dog 11:30 walking the idea maze 17:30 boring businesses 23:30 the David Swenson checklist Support: https://gumroad.com/l/mikesnotes

OQ: Dan Carlin on the History on Fire podcast 1/ What job does this service/product do? What job are YOU hired for? 2/ Good decision makers put their thoughts down on paper. One way to do that is with checklists. 3/ To learn, find relevance not information. 4/ Common principles to wealth and health. (https://thewaiterspad.com/2017/05/15/finances-and-fitness/)

OQ: http://amzn.to/2pBTq6T #1 What to do when 'that's interesting.' #2 Technology is not the MIT for technology startups, instead it's luck, persistence, and elbow grease. #3 When starting, copy structures, formulas, or philosophy. When advancing be more like Sherlock Holmes

One subject; http://amzn.to/2lWGK79

Intro: the metaphor of tracking (Boyd Varty on Invest Like the Best). 1/ Thinking Small, http://amzn.to/2oNLFKF. 2/ Multiple compound yields and the triangle of mediocrity. 3/ Patrick Collison on starting a startup 4/ Me on Ryan Holiday on reading

Greek heroes, getting better, building your toolbox, and arguing well. Mike's Notes - https://thewaiterspad.com/mikes-notes/