The 27th Edition - On AMZN, Viagra & "f*ck you" money
Did you know from the highs of late 1999 to the lows of late 2001, AMZN stock fell 95%?
Hello,
Welcome to the 1 new subscriber since last week!
Read
TBM 21/52: Old Guard, New Guard
The old guard knows how to navigate the mess. The new guard sees the mess, and wants to avoid it.
A list of reminders that will change how you work with you colleagues, old and new.
When I joined my current role, this would have saved me months of trial and error trying to figure out what people were about.
Watch
MINI LECTURE 14 A First Course on Fragility, Convexity, and Antifragility (Nontechnical).
Anti-fragility explained by the author of the idea, in non-technical terms (sort of). Right now, it’s good to get familiar with the concept as the markets decline & recession looms.
Remember
“When feedback loops are long, output will always be valued over outcomes.” - John Cutler (source)
“The best indicator of having "f*ck you” money is the absence of having to think about money at all.“ - Jack Raines (source)
Consider
3 Common Ways to Come Up With a Startup Idea: Market-first, Intuition-first, Problem-first. When I started prodmgmt.world, I went Intuition-first, but we all know why that’s not always such a good idea. If you have an idea on your mind, which one is it? (source)
The Negative Impact That Amplifies The Positive: Viagra adds had a disclaimer that said, “If your erection lasts longer than 4 hours, call the doctor.” This implied massive positive effects for the user. What negative effects does your work/product have that indicate desirable outcomes?
How Slack Decides to Send a Notification:
Each new feature explodes the complexity of this diagram
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Have a great week ahead & see you next week.