Synth: Week of 10.12.20

From Nat Eliason on Systems Mindset:

on Community-Building:

• Mission — What are you trying to change in the world
• Members — Who are you writing for? What do they need?
• Medium — What is the ideal platform?
• Metrics — Not everything that counts can be counted.
• Messaging — The way you talk about your community is never neutral, so choose your messaging wisely, and experiment.

on Profit-Sharing at Startups (from Dru at Trends.vc):

• Profit Sharing w/ Nathan Berry
• Maximizing Profits by Investing in Your People

Research — Phantom Stock:

• https://www.outseta.com/posts/outseta-saas-operating-agreement
• Phantom Stock Plan (Investopedia)
• What is Phantom Stock, The Balance
• Phantom Stock: Everything You Need to Know, UpCounsel

On Why People make Mistakes:

• Inattention, distraction, lack of interest, poor preparation, genuine stupidity, timidity, braggadocio, emotional imbalance, ideological, racial, social or chauvinistic prejudices, and aggressive or prevaricatory instincts.

on Systems Mindset:

• when faced with any kind of recurring task or process, there is usually some way to set up a system to handle it for you.
• The systems mindset is simply looking for these opportunities in your life to temporarily over-invest in a problem in order to free up more long term resources.

Video:

• Master vs Stressor vs Dabbler by Tony Robbins.

Articles:

• Outseta’s SaaS Operating Agreement
• The Ultimate Guide to Productivity Methods, Pocket
• Common Causes of Very Bad Decisions, Morgan Housel
• The Psychology of Human Misjudgment, Charlie Munger
• The Mike Speiser Incubation Playbook, Kevin Kwok
• Getting Your First 1,000 Subscribers, Compound Writing
• The 5-Part Framework for Building your Brand Community, Ethan Brooks (Trends)
• The Mental Model Behind Every High Performer I Know, Nat Eliason
• What is your Productivity Style, Kate Rockwood
• Productivity Tips for People Who Hate Productivity Tips, HBR

Quotes:

• “code isn’t scarce; it’s the making part that’s scarce. Code is simply a byproduct; the makers and maintainers are what’s valuable.” — Alex Danco
• “Impatience with action, Patience with results.” — Shaan at All Access Fund
• “To improve our ability to look at unintended consequences we should consider the system rather than just the perceived outcomes.” — Paul Orlando
• “A strong community is one of the only remaining moats.” — Ethan Brooks
• “The only kind of writing is rewriting.” — Ernest Hemingway
• “It’s hard to know what you’ll consider doing until someone dangles a huge reward in your face, and underestimating how adjustable the boundaries can become when rewards rise is a leading cause of terrible decisions.” — Morgan Housel
• “The problem with low-probability tail risks is that they’re so rare you can get away with ignoring them 99% of the time. The other 1% of the time they change your life.” -Morgan Housel
• “Bad decisions happen when there’s only one acceptable version of the future.” — Morgan Housel
• “most people don’t (and can’t) know exactly what caused their own successes and failures.” — Morgan Housel
• “The smarter you are, the better you are at constructing a narrative that supports your beliefs” — Annie Duke
• “Subtle is the Lord, but malicious He is not.” — Einstein
• “In a complex world, intelligence consists in ignoring things that are irrelevant.” — Nassim Taleb
• “Kindness is loaning someone your strength rather than reminding them of their weakness.” — Andy Stanley