Just take 30 mins out of your life, half of a game of Dota2 and watch this.
It's by Ray Dalio, and I think it's the best summary I've ever come across on the general macro economy as a foundation.
If you've read my blogs, I keep saying that business is relatively simple, like compared to being a scientist or engineer, but what makes business complex is the scale and the numerous associations it creates and affects.
Ray himself leads the highest performing hedge fund in the world (I believe), I've never met him, but a close family friend of mine has and so he's come up in conversation. He is well known for his 'principles' which if you have time to read, you should.
What sets Ray apart is these principles and his 'investment thesis' based on an approach to understanding the steps of what is knowledge & its application. The principles are mix bag of insights from Ray.
I think a lot of things in business is very experienced based, meaning that it's 90% application and 10% theory, so if you don't have the context of experience/application then the 10% doesn't
really make sense because it has no context for application.
What I mean is, business by it's nature either solves a problem or increases productivity, but if you're not intimately aware of the problem to begin with or don't know of even the 'first level' of productivity for the particular business, business theory simply doesn't mean anything.
Anyhow, I'm not trying to turn this into a business post or anything, again, just sharing randomly, but I've fucked my back up really badly, like 2 herniated disks in my spine, I've been putting of getting an MIR and getting the exact treatment because I've been traveling so much, but it's been 2 months, so I haven't slept properly for 2 fucking months because I'm in 24hrs pain. I've stopped with the pain killers because they don't fully take away the pain and since I'm still drinking, it's a double whammy on the liver, so I opt to drink over pain killers.
But I've taken 2 days off, so I got to catch up on some reading, personal research, and so anyway, I came across Ray in my readings of the book 'the originals' and then touched base with my friend who knows him and we talked a couple of days ago about him and his theories, so I also came across this video which I think I want to show my boys as well (who are 4 and 7), in that, I think having this framework early on would simply open their eyes more.
I did force myself to watch it, as it was elementary for me, but by the 12 min mark, the content was good throughout and I was of course impressed by how well made it was, and for God sakes, its Ray Dalio, who am I to make any comment on this and plus it was made for step one elementary purposes, so my thought was, if it's good, I'll make my boys watch it, and of course, it was.
So in the spirit of sharing with my TLs, I hope you enjoy it,
and don't worry about my back, I'm a battle harden idiot, I'll get the MIR done sooner than later, and it is marginally getting better, but the plus side is that I've stop smoking for the last 5 days, don't know why, but I think it's because I'm in so much annoying pain, the pain over wrote my withdraw pains and so I just took it. LOL.
And the above is the link to the principles,
which I think, if you have 1.5 hours, read it,
I think it will give you about 10 years of either insight or a framework to start from which is something maybe more useful than anything I could ever write.
gonna go eat a steak now. ^^