Macromegas #7
Hi friends,
Happy Friday!
Useful Knowledge
Best articles I read this week: helping you understand the world in terms of strategy, macroeconomics, finance, and economic history.
How do you maximize your chances of building an enduring $1bn+ company?
The author, a former General Partner at Greylock Partners, explains the fundamentals of sustained business growth. She highlights three core phases:
growing engaged users
retaining users
self-perpetuating
Packed with practical pieces of advice and example.
Read the full presentation here: The Hierarchy of Engagement
The Biggest Disconnect Between Prices And Profits In Stock Market History?
Note: the "Normalized P/E ratio the author uses is an alternative to the more widespread Schiller CAPE; definition here. Classic PE ratio is also used in his article.
Read the full article here: The Biggest Disconnect Between Prices And Profits In Stock Market History?
"Veblen values" - social media's take on Veblen goods?
A very smart, short-form perspective on social media, from an economics point of view:
"In economics, a Veblen good is one for whom demand increases as the price increases. Luxury goods like Birkin bags are often cited as examples of these exceptional goods that violate the conventional relationship between price and demand.
Social media has created what I think of as Veblen values. That is, values we tend to clutch more tightly and defend more vigorously the more expensive they are to hold."
Read the short essay here: Veble values
Personal Growth
"Most decisions should probably be made with somewhere around 70% of the information you wish you had."
- Jeff Bezos
Fundamental Principles for Success in a $5.5bn Business
I talked about career and success in my interview with Venturi's Voice, a leading podcast on Technology, Leadership, Staffing, Career and Innovation.
You can listen to it here (or here of Apple Podcasts users)
We specifically discussed:
Route to success
Adapting to different working cultures around the world
Making decisions fast and being prepared
The pressures felt by recent graduates
How to execute decisions for success
The importance of choosing your boss
What a leader looks for when recruiting
The culture and values of checkout.com
How to prepare for dramatic scale
The right way to use data
These are all part of the success system I am explaining in my new online course. It goes live on September first, and you can enroll for a fraction of the price until then.
Check it out here: Success Fundamentals
If you know someone who might be interested, please do not hesitate to share the link: https://www.systematizesuccess.com/courses/success-fundamentals
If you think I am doing great at helping you understand the world, making you think, or even just entertaining you positively, please forward to 3 of your friends/colleagues who might enjoy this as well. Your help means A LOT!
If you don't think I do, please let me know by hitting "reply" - I want to learn why and improve.
Thanks for reading. Have a great weekend, and 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".