The best
Strategic Business Planning books:
Reddit reviews
From 3.5 billion Reddit comments
The best of Strategic Business Planning books by number of unique Reddit comments:
Top Reddit reviews mentioning Strategic Business Planning books:
There's a book on this called "Scale" written by a theoretical physicist that explains why phenomenon like arteries and capillaries are all governed by physical constraints and shows you all the different ways those constraints manifest. If you liked this comment you should probably check it out. The high seas might be able to help.
https://www.amazon.com/Scale-Universal-Innovation-Sustainability-Organisms/dp/1594205582
> it's like they think i'm only on their site to earn rubies
They're nudging you for continuous interaction. The idea is to get you to make it a routine.
Relevant book recommendation:
https://www.amazon.com/Hooked-How-Build-Habit-Forming-Products/dp/1591847788
For the uninitiated - 'Hooked - how to make habit forming products' is on pretty much every start-up's bookshelf in Silicone Valley.
https://www.amazon.com/Hooked-How-Build-Habit-Forming-Products/dp/1591847788
The Book of Why by Judea Pearl
"Correlation is not causation." This mantra, chanted by scientists for more than a century, has led to a virtual prohibition on causal talk. Today, that taboo is dead. The causal revolution, instigated by Judea Pearl and his colleagues, has cut through a century of confusion and established causality--the study of cause and effect--on a firm scientific basis. His work explains how we can know easy things, like whether it was rain or a sprinkler that made a sidewalk wet; and how to answer hard questions, like whether a drug cured an illness. Pearl's work enables us to know not just whether one thing causes another: it lets us explore the world that is and the worlds that could have been. It shows us the essence of human thought and key to artificial intelligence. Anyone who wants to understand either needs The Book of Why.
Hey, I just graduated from IIIT BBSR, now I'm at IIT BBSR doing research. If you need detailed guidance please PM me direct or I usually attend Quora Meetups ( Reddit BBSR subreddit is dead ) or Dev Meets in BBSR. We could meet in person for a nice chat.
Here's a short outline on what I think you should do:
Individually:
- ACM ICPC is really important. Focus on this. So is Google Code Jam.
- Focus only on C/C++/Java and Python. 4 Years won't still be enough. For making your website/portfolio you could learn HTML/CSS and JS. For some frustration and joy, add a functional language, my top pick goes to Haskell.
- Find a passion. Competitive isn't going to take forward very far as it's basically solving solved questions. It's practice. Passion in a field of CS or maybe something applied.
- Open source contributions and designing habit forming products. Check this book by Nir Eyal which goes by the same name.
- Read Code Complete 2, Pragmatic Programmer, make stackoverflow your Facebook. Don't answer if you can't, but read. Read. And code.
- Apply for Internships! Startups are nicer as the team is small so you'll learn a lot of new things.
Group/Social stuff:
- ACM ICPC is a group event. Finding 2 friends in your college won't be difficult, I guess, who share the same passion.
- Teachers aren't just bad in your college, they are present at every college. Ignore them and let's rather be graceful than sulk with remorse.
- You have the whole city to explore. Go grab an Ola/Uber and visit institutes or email Profs you want to work with. BBSR has really nice people provided you search right.
Above all, don't do something because it's the trend. Do if it's fun. Sorry for the brevity and not much of an expert advice on the job/software product market as my career is mostly research and a bit of entrepreneurship.
For the very best of times,
Ankit
Check out the book "Hooked"
https://www.amazon.com/Hooked-How-Build-Habit-Forming-Products/dp/1591847788
It's largely an instruction manual for how to build super addictive apps, and driving these highly emotional dopamine responses is a big part of it.
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
There is literally a very popular industry pop book called Hooked: How to Build Habit-Forming Products. This sits on the shelf of every software product team everywhere.
It does have a chapter discussing the ethics of persuasion though. It's not a terrible, evil book but that that title should tell you everything you need to know about the approach to designing user experiences and the cutthroat jostling for a larger user base.
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
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
I can't really say because the messaging has a lot going on in them. This one has good commonality to Cbus but missed the mark on the images. The next one you posted has "GENTRIFICATION!" and the text size is dominate, are you trying to say it loudly or in a negative tone?
Book recommendation - https://www.amazon.com/Made-Stick-Ideas-Survive-Others/dp/1400064287
That's not how causality works.
- if you were in control of data collection, you need to separately collect data for a control group and treatment group. The application of an intervention to the treatment group makes causal inferences basically trivial.
- if this is observational data that you are trying to do causal inference on post hoc, it's not impossible but way more complicated. Often involves approximating a "conditional average treatment effect" (CATE) by separately modelling individuals "matched" into a simulated control group vs a simulated treatment to estimate "counterfactual" phenomena.
Causal modelling is a whole rabbit hole. Check out this book for an intro: Judea Pearl - The Book of Why
I'm not sure what kind of technical background you have, OP, but it may be worth looking into the technical details of options. Books like Options as a Strategic Investment or Paul Wilmott Introduces Quantitative Finance do a great job of describing the math behind options and how they're used on an institutional level. Obviously you don't need to know these things to trade options, but I felt they were a real eye-opener in terms of understanding the kind of effort or technical prowess required to be a competitive trader.
Again, it might not be fair to compare yourself to institutional traders and their methods, but it's difficult to assess how realistic it is to get good enough to make this your main source of income, and these books can give you a sense of how well you understand the landscape of the field.
Hooked and Contagious also both touch on this as well.
Have you shared this with him in detail? Cofounder disagreements are a very common way for startups to self destruct. If you can't get over this and/or you don't feel like he is going to acknowledge the problem, I would leave. It's not going to get better until you forgive and forget.
There is forgetting details and there is being unethical and only you really can tell the difference. If he's unethical, leave immediately because you and future employees will get screwed down the line again. If he's forgetful, this is a valuable lesson learned that you ALWAYS get things in writing. Its so shocking to me how money changes people in my previous startups. I always get things in writing now for any agreement. A simple email is even fine to start because it forces both sides to clarify what they heard and discussed.
One other thing is understanding the value each of you bring to the company and how it impacts how the company is divvy'd up. One book that helped me a lot early on was the Founder's Dilemna by Noah Wasserman. Really helped me see how important structuring the company correctly and setting proper expectations at the beginning has a huge impact on success. I would encourage you to read through this to help you make your decision on if this is a good situation for you to stay in. https://www.amazon.com/Founders-Dilemmas-Anticipating-Foundation-Entrepreneurship/dp/0691158304
Also, do not forget founder vesting! The last thing you want is dead equity! It can kill a company. That's in the book as well.
If anyone in the app development world is perusing here I highly recommend the book "Hooked". Required reading IMO. https://www.amazon.com/Hooked-How-Build-Habit-Forming-Products/dp/1591847788
The others have given you answers to your specific question. All I will say is: DONT TRADE OPTIONS UNTIL YOU UNDERSTAND THEM!!!!
There is a (very long) book which I recommend you at least flick through before opening any more options trades: here
It costs $60 but that is just a fraction of what it will cost you to NOT read it.
Most everyone is commenting, because in this case, most everyone does know better. Musk's forte is pushing forward new technology. Twitter isn't new tech -- it's a social experience shared by hundreds of millions.
I don't know what will happen to Twitter. I expect it will be relevant until a well-run competitor shows up, and still around even after unless it is shut down after being sold (Vine). We already saw this happen with MySpace which was pretty visually lawless and Facebook came in to bring structure.
What I do know is that Elon is breaking every historical guideline for leading a company well with Twitter.
- No vision of the future
- Unilateral changes
- Not leaning on institutional knowledge built up through company experience
- Risking the core revenue stream without a clear plan to replace it
If you haven't read this book, I highly recommend it.
https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996
To me, Musk's leadership style doesn't mirror the Great Companies' leadership. I think he's outside his sphere of knowledge, and he's continuing to apply the same leadership style that has worked for him with startups (the only types of companies he's managed so far), the combination of which I believe will lead to Musk's disastrous failure with Twitter. (Probably <5 billion valuation in <3 years)
Any company is a combination of these three things
- Leadership
- Employees
- Customers (in Twitter's case, both users and advertisers)
Musk has completely undermined #2 and is likely undermining #1 (see those in leadership that quit after the "hardcore work" memo. It appears that is causing #3 to start making changes. At this point, #3 (and his personal wealth) is his only lifeline.
The algo feeds what people want see. Creating bubbles where someone rarely sees anything to challenge their beliefs, be it political or otherwise. Because seeing conflicting ideas and arguments gives people discomfort. The algorithm doesn't want to create discomfort, it wants to create clicks and engagement.
Social media uses rules from gambling like never give someone the idea of a loss. Facebook won't notify you when someone unfriends you. Twitter won't notify you when someone unfollows you. There's a whole (perverted) psychological science behind it. I can highly recommend te book "Hooked" if you want to learn about it.
It is all very bad in many ways. I find it saddening you can't really agree to disagree with people anymore. At least online its a big issue. In real life not so much, people are much more reasonable. But you didn't do any of that, which is nice! I think we don't agree on many things but we can stil have a conversation without name calling. Rare but good, thank you!
https://www.amazon.com/Hooked-How-Build-Habit-Forming-Products/dp/1591847788
There's been a lot of science around this
Geoffrey West: https://www.amazon.com/Scale-Universal-Innovation-Sustainability-Organisms/dp/1594205582
Also Luis Bettencourt
Buy Options as a Strategic Investment. https://www.amazon.com/Options-as-Strategic-Investment-Fifth-dp-0735204659/dp/0735204659/
It is in its fifth edition. Thus, it is a good book because junk books never even make it to the second edition.
Spend a few bucks and buy Options as a Strategic Investment. https://www.amazon.com/Options-as-Strategic-Investment-Fifth-dp-0735204659/dp/0735204659/
Read the book. Take notes. Highlight the book.
(Note that the book is the fifth edition. Thus, it is a good book otherwise it would not have been updated so many times.)
/u/Silly_You9597, please do yourself a big favor. Buy yourself a copy of Options as a Strategic Investment by Lawrence McMillan. Read it. He does a very good job of explaining all the various option strategies. https://www.amazon.com/Options-as-Strategic-Investment-Fifth-dp-0735204659/dp/0735204659/
The book is in its 5th edition. This means that the author and the material is good quality (if the stuff is bad, there would not be a second, third, fourth, or even fifth edition). I have a copy of the second edition.
It's basically just any plan that forces you to look at the fundamentals of opening the business and understand where the risks are. The fundamentals being:
- Purpose of the business
- USP(s)
- Market size
- Competition
- Overheads
- Forecasted profit/loss
- Cashflow forecast
- Organisational structure
- Route to market
I would also recommend having a look at the Business Model Generator book, which can help you explore different business models and see what might work best.
It's basically just any plan that forces you to look at the fundamentals of opening the business and understand where the risks are. The fundamentals being: * Purpose of the business * USP(s) * Market size * Competition * Overheads * Forecasted profit/loss * Cashflow forecast * Organisational structure * Route to market
I would also recommend having a look at the (Business Model Generator book)[https://www.amazon.com/Business-Model-Generation-Visionaries-Challengers/dp/0470876417], which can help you explore different business models and see what might work best.
> That is completely false. Calls offer leverage. You don't have that when simply shorting.
That is completely true.
1 dollar price increase in the underlying will be a 100 USD loss in 100 short shares, and 100 USD loss in a -1 delta call.
Do educate yourself.
https://www.amazon.co.uk/Options-as-Strategic-Investment-Fifth/dp/0735204659
> Calls offer leverage.
Yes, and it's up to you on wether you use it or not. As I said originally.
>Manage your risk with that in mind.
In other words, reserve your capital to cover that naked call to the tune of 100% - you should be at 25% of your margin deployment.
And then yes, you could 're-use' that margin if you convince yourself that pinky-swear that two investments are uncorrelated. This is iffy.
- read this
- set up a cofounders agreement that covers you really nicely
- find the right cofounder or cofounders
- benefit!
if you're a tech guy and you notice a niche where you can build out a SAAS and solve a real world problem and you more or less already have you end users/customers and you're happy to generate sales via word of mouth then you can build out the whole thing. that's a case where being a lone cofounder works particularly if you have some money in the bank. getting an experienced technical cofounder who's made all the mistakes before and has a success profile to strengthen where you are lacking is fantastic because you immediately fast-forward 3/4 years of experience. you'll never experience the alternate reality where you fail because of some error and you learn the lesson.
​
btw i'm available - what's the business?
Just in case this isn't a shit post... just don't do anything yet and buy, and then actually read most of this:
Options as a Strategic Investment: Fifth Edition https://www.amazon.com/dp/0735204659/