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Network Effect: The more people using a network, the more useful it becomes. A phone gains utility as more people use phones because more people can be called with it. It's why Twitter & Facebook are so dominant; we're stuck on these platforms because everyone else is.
My Peoples, the Time Has...
@G_S_Bhogal on Twitter
In a poker room at a casino, there are usually many different choices of tables. Each table has different stakes, different players, and different dynamics that change as the players come and go, and as players get excited, upset, or tired. I learned that the most important decision I could make was which table to sit at. This included knowing when to change tables. I learned from a book that an experienced player can make ten times as much money sitting at a table with nine mediocre players who are tired and have a lot of chips compared with sitting at a table with nine really good players who are focused and don’t have that many chips in front of them. In business, one of the most important decisions for an entrepreneur or a CEO to make is what business to be in. It doesn’t matter how flawlessly a business is executed if it’s the wrong business or if it’s in too small a market.
Delivering Happiness
Tony Hsieh
13. Paltering:
Journos & politicians deceive you without lying by using cherry-picked truths to create a false picture.
E.g. Journo asks a man if he's racist.
He says "How dare you!"
Journo reports: "He refused to deny he's racist."
Fact-check: true, but a shitty thing to do.
Everyone, a New MEGATHRE...
@G_S_Bhogal on Twitter
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