Macromegas #4
Hi friends,
Useful Knowledge
How Four Americans Robbed the Bank of England
A very well-told story about influence and the psychology of trust.
Both entertaining and lesson-rich, I definitely recommend the read: How Four Americans Robbed the Bank of England
For much more on the topic of influence, I would strongly recommend Cialdini's reference book on the subject, fairly called... Influence. If you don't have time for a book, read a summary here: 6 Principles of Persuasion
Four functions of markets
Meta-thinking about markets and their social consequences:
Markets serve as Hayekian information processors
Markets naturalize outcomes, defusing social conflict
Markets “flip the incentives” surrounding resource utilization
Markets launder history
The full article makes an interesting read if you have time: Four functions of markets
Europe is a patchwork of labor markets
Probably the most beautiful map I have seen by McKinsey in the past 10 years... beautiful but difficult to streamline an insight.
1. Loaded question: where do you live and do you agree?
2. If you can make out some macro insight out of it (other than "it is a patchwork"), would you mind sharing? Really keen to start the discussion.
Full article here: The future of work in Europe
Personal Growth
"If you think education is expensive, try ignorance."
- Derek Bok
"The only way to win is to learn faster than anyone else."
- Eric Ries
These quotes are operating principles I will be explaining in the online course I am releasing this summer, "Systematize Success".
If you are interested, simply hit reply and I'll add you to the waiting list (discount code when it launches).
Thanks for reading - talk to you next week,
V
PS: as usual, if you have questions, comments, suggestions, or ideas to explore, feel free to write: simply hit reply.