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For those who find this story interesting and are unfamiliar with it, or would like a deeper dive, I just finished the book <em>Bad Blood</em> which tells the story. Highly recommend.
EDIT: Finished reading the book, not writing the book. Author is Pulitzer-Prize winning John Carreyrou of the Wall Street Journal. I am very much not him.
You could say the same for any subdivision of a company, and it seems this is often borne out in practice.
The author of Bullshit Jobs interviewed someone who would audit the operations of companies in such a way that he would end up the only person, including the companies' management, who had an actual thorough understanding of how the departments were operating and what they were doing, and he would find cases where substantial majorities of jobs in the companies provided no benefit to its operations. And many people throughout many industries, given their best understanding of what they're doing for the company and why they're being asked to do it, don't think that their own jobs are useful for the company or anyone else. The idea that executives, boards of directors, etc. would ruthlessly optimize to shed unnecessary functions or avoid ineffective methods seems to be theory not borne out by reality.
Plug for the excellent book Bad Blood which chronicles the Theranos story by the reporter that broke it. They’re also making it into a movie with Jennifer Lawrence starring as Holmes.
Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions
I have a copy of this if you wanna read it and REALLY blow your mind, or if you're an Audible member I've got a ton of credits and will gladly gift you a copy, heh.
That's a general rule of all work, including paid work. If you're paying someone by the hour then you're bloody well going to get your hour's worth, even if the value of that work is zero or negative. That's what leads to the phenomenon of upwards of 40% of all jobs, public and private, being bullshit jobs.
Housecleaning isn't a bullshit job, but once you're in the zone you tend to want to keep going. It's the same as women from 'traditional' backgrounds and cooking: they end up with orders of magnitude more cooking experience than any professional chef, because their entire working day is centred around the kitchen.
You should make a 30 sec animated explainer video. Video needs to be much simpler and end with a call to action. People don't need to understand the science: "Get paid to poop and help people." That's enough. https://www.fiverr.com/categories/video-animation/whiteboard-explainer-videos Also hire someone on fivver to do the voiceover.
You should also contact everyone again and ask them why they didn't respond. Otherwise you'll only keep guessing as to why. And actually a 2 to 5 % response rate for cold emailing isn't that bad. You need to treat this like a startup. Look up startup marketing tactics. https://www.amazon.com/Traction-Startup-Achieve-Explosive-Customer/dp/1591848369 Recommended book.
I'm a big fan of the book about the Theranos debacle, Bad Blood by John Carreyrou. It's a great case study on messiah complexes, bad leadership, and organizational dysfunction.
Amazon Link - can't recommend it enough, hard to put down and very well weaved together
Carreyrou owns the story - it's hard to describe just what he was up against. All the big names in SV didn't just love Holmes, they praised her, and then they trashed John and the WSJ for going after her.
It took a lot of courage to go against these people and to pursuit the truth in this story. Not to mention that the owner of the WSJ, Murdoch, was a huge personal investor in Theranos (and to his credit didn't intervene to kill the story when Elizabeth asked him to)
Hey, you should read the book "Bullshit Jobs", which is about the exact phenomenon of people being paid for (and required to stick around for) non-work or fake work.
That’s just ignorant.
No we can’t function as a society without childcare, without nurses...
We can totally function without diamond miners... without marketing... without creative financial instruments...without gasp mid-level assistant managers...
Social workers do a helluva lot more for society than corporate HR or Assistant management does...
There’s far more male bullshit jobs than female and they are far more taxing on society as a whole
What is the current setup like? What is everyone else holding? Is it shared? What classes of equity are there? Preferred stock? Options? How long will it take you to get fully vested in your 1%? Are there kickers? Can you buy in or lock in a per share value? Hit your library and read this book to start with. https://www.amazon.com/Venture-Deals-Smarter-Lawyer-Capitalist/dp/1118443616
At the end of the day an equity play only for something with no product, market , fit or paying clients is a suckers game.
> Decline in SolarCity installations
> TSLA is abandoning solar energy!
Solar is one of the most essential components of their renewable plan (solar + storage = renewable grid) and they aren't going to abandon that because SolarCity's contracts came to a halt, unsurprisingly after TSLA tightened every facet of their spending belt due to this horse-fuckery quarterly analysis.
SolarCity was a stop-gap to penetrate the market with solar before a viable mass-scale solar option came to play (the roof, which is on the backburner while TSLA is scrutinized every Q for automotive deliveries).
lol, come on man. If you can, read a VERY BASIC BOOK on tech investing, and reevaluate how you're perceiving this entire market sector. Try thinking 5Y, 10Y ahead, and not 1 or 2 Quarters ahead.
Yes. How about the infamous "Bullshit Jobs" episode of Hidden Brain podcast: https://www.npr.org/2018/08/28/642706138/ And the book that the cast is about: https://www.amazon.com/Bullshit-Jobs-Theory-David-Graeber/dp/150114331X The cast is free I would start with that if interested.
I thought this was one of the most popular episodes but I'm wrong, it's not in the top ten.
I've been learning the indicators one at a time. The thesis is, traders watch these levels to time trades. 🤷♂️
This book is the 'bible' but I haven't bothered to read it.
https://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
I'm sure a youtube search will find any number of results.
For learning, honestly, I just look at charts that people make who have been doing this for awhile and learn from them. I like Patrick Ceresna a lot.
My approach is - look at a chart and draw some straight lines. This is a bit of an artform but starts to become easier once you look at charts a lot. Trend lines should touch the bottom of at least three candles (the fat part). Also, horizontal lines for historical support/resistances.
EMA - I'm looking at 20D, 50D, 100D, 200D and seeing which one is most significant. Basically - which EMA do the candles touch most often? Is it support (they bounce off and go up) or resistance (they touch it then go down)?
The "Pivots Traditional" can be useful but eh. VWAP and bollinger bands seem useful but I don't totally get how to set them up. Fib retracements I get but seems pretty "hocus pocus". MACD seems kinda useless to me for what I do. I don't understand why anyone cares about Elliot waves.
Most of the more 'advanced TA' is pretty hocus-pocus to me.
If you think TSLA's end game is to prove the electric vehicle as a concept then let the international market take from that, you're in the wrong frame of mind and it's no surprise TSLA valuation or longevity doesn't show. Doing so would be like getting lost in an Amazon valuation as a bookstore years ago, claiming they just need to grow into Barnes & Noble's valuation.
Every time this is brought up, I repeat my suggestion for the same book to get someone started on this concept:
https://www.amazon.com/Zero-One-Notes-Startups-Future/dp/0804139296
You can disagree with the book, but if someone read this book in 2012 and went to the markets, they would've been balls deep in FANG before it even became an acronym. The book doesn't say "Buy FANG" ...but covers socioeconomic and modern-market theories that might offer perspective on how to truly look at companies like T/FANG, and what sets them apart from things like GPRO and Yahoo and why their slow starts usually have unexpected big yields.
I repeat myself: If TSLA was an automotive company ("product") with no moat or visible escape velocity, I wouldn't be as overweight on 'em. Fortunately, every member of the PayPal mafia well-understands the difference between a product and a platform, so I trust Elong to take us there despite quarterly noise.
Bad Blood: Secrets and Lies in a Silicon Valley Startup is really good too.
They should do an episode about Theranos, there's interesting tinfoil theories about why the deep state (Kissinger, George Schultz, and many Silicon Valley people) were interested in a new way to quickly analyze people's blood with just a few drops.
https://www.amazon.com/Zero-One-Notes-Startups-Future/dp/0804139296
This is my long answer but holy fuck does it do an amazing job at explaining why that shit doesn't matter in the long run. And not just about Tesla, but Thiel explains it so damn clearly that if you read this in 2012 someone would claim you had a Crystal Ball on gainz.
The fluff / development / QC issues matter quarterly, but long-term, that's not what investors are focusing on. Their batteries are going to power the world, and I've placed my very...very...large bets on that accordingly.
Anyone who ever wants to invest in tech MUST read Zero to One. You don't need to necessarily agree with it, but it triggers a new perspective on how to analyze modern tech markets.
Options as a strategic investment is also very good and covers so many different strategies. It’s 900 pages long, so I’d use it more as a reference for diving deeper into specific strategies rather than a sit down and read it all the way through kind of book. Options as a Strategic Investment: Fifth Edition https://www.amazon.com/dp/0735204659/ref=cm_sw_r_cp_api_glt_fabc_F2Z2R19YXVKYXCZCPARF
This is hardest thing after you find your target market to focus on.
Testing, testing, testing. I read somewhere once that "the best marketers are the best at experiments and doubling down on what works". Every company is going to be different. You might even find channels that work for you but don't work for your competitors.
Just remember that each channel has different feedback loops. For example, direct sales gives pretty quick feedback while SEO can take months to years.
This might be a little outdated for new bootstrapped SaaS's but this book gives you a good framework to work from: https://www.amazon.com/Traction-Startup-Achieve-Explosive-Customer/dp/1591848369
To answer your questions... I think it's a solid yes.
The speed which new products and services are launched is so high, that "build it and they will come" simply doesn't apply. I'm still struggling with that as I'm a technical founder with no marketing counterpart. And I'm done building a great service (user's words), and it doesn't get any traction.
But speaking of traction, a book that helped bring some clarity is Traction: How Any Startup Can Achieve Explosive Customer Growth because it explains 19 generic channels and a strategy to reduce the noice in every field and do some focused marketing on channels that actually work.
Gosto bastante deste "Options as a strategic investment" (ainda que seja muito extenso). É bastante técnico mas acredito que ajuda bastante, especialmente se o foco for o investimento em derivativos.
Edit: Aconselho a compra em inglês.
Deixo aqui o link: https://www.amazon.de/-/en/gp/product/0735204659/ref=ppx_yo_dt_b_asin_title_o00_s00?ie=UTF8&psc=1
Here is the bible for technical analysis! Only book you will ever need!
Your first build should be an MVP (Minimum Viable Product) that has the most basic features possible.
A useful analogy is a hot dog stand… instead of building what YOU think is the best hot dog stand, complete with all types of up-sells and bells and whistles, you want to build the minimum viable product.
What is the “hot dog” of your platform? What is the most basic function that provides value?
Define what that is, then see if you can reduce it some more.
Start there, get it into the hands of users and let them guide you to create what THEY need the rest of the way.
This book is recommended often, and is worth a read: https://www.amazon.com/Lean-Startup-Entrepreneurs-Continuous-Innovation/dp/0307887898
Most programmer jobs are bullshit jobs even when they don't look like it. This is a very good example of how to look at your company structure and its market to understand if you're actually working a bullshit job.
https://www.amazon.it/Bullshit-Jobs-David-Graeber/dp/150114331X
If you’re interested in learning more about technical analysis, the best book by far is <em>Technical Analysis of the Financial Markets</em> by John Murphy. It is considered the bible of technical analysis.
hey codex, congrats for starting a very big journey! If i were you, I'd read a few options books before you get started, and do some paper trading.
https://www.amazon.ca/Options-as-Strategic-Investment-Fifth/dp/0735204659 is one of my favourite, and shouldn't be too hard. Message me if you have more questions!
It’s a book. I ordered mine from Amazon. It’s also come down in price considerably.
Options as a Strategic Investment: Fifth Edition https://www.amazon.com/dp/0735204659/ref=cm_sw_r_cp_api_glt_fabc_4BDQZ2TD8NA5W4ZNT92H