Book added to the Library - Broke Millennial: Stop Scraping By and Get Your Financial Life Together

 Recommended by a former colleague!

Broke Millennial: Stop Scraping By and Get Your Financial Life Together

Stop Living Paycheck to Paycheck and Get Your Financial Life Together (#GYFLT)! If you’re a cash-strapped 20- or 30-something, it’s easy to get freaked out by finances. But you’re not doomed to spend your life drowning in debt or mystified by money. It’s time to stop scraping by and take control of your money and your life with this savvy and smart guide. Broke Millennial shows step-by-step how to go from flat-broke to financial badass. Unlike most personal finance books out there, it doesn’t just cover boring stuff like credit card debt, investing, and dealing with the dreaded “B” word (budgeting). Financial expert Erin Lowry goes beyond the basics to tackle tricky money matters and situations most of us face #IRL, including: - Understanding your relationship with moolah: do you treat it like a Tinder date or marriage material?- Managing student loans without having a full-on panic attack- What to do when you’re out with your crew and can’t afford to split the bill evenly- How to get “financially naked” with your partner and find out his or her “number” (debt number, of course)  . . . and much more. Packed with refreshingly simple advice and hilarious true stories, Broke Millennial is the essential roadmap every financially clueless millennial needs to become a money master.

The Pareto Rule of Prediction/Forecast - from "The signal and the noise - Silver"

Great viz that explains how your first 20% of effort provides you an 80% of accuracy level on your predictions/forecasts, i.e. by applying rules of critical thinking and basic statistics you will get a very good prediction/forecast of the possible future scenarios.

In a business environment, where what it counts is the relative position of your predictions/forecasts vs. the ones competition does, 80% could be good enough or really below par and that can make a huge difference.

At the end if you do not have any forecasts/prediction tool, investing 20% of your perfect effort (that depends on the question you are trying to address) will be a game changer.

ps.: Forecast is different from Prediction (see a previous substack on that)

The signal and the noise - Silver

Graham, Benjamin. El inversor inteligente (Deusto) (Spanish Edition) (p. 676). Deusto. Kindle Edition

 Las mentiras más peligrosas son las verdades ligeramente distorsionadas.

G. C. LICHTENBERG

On AI

And that is it…there’s not much to add!

Another brilliant cartoon from KAL

👇

KAL’s cartoon

How Imaginary Numbers Were Invented

A great video that explains how imaginary number (thus complex numbers) were derived!

On top you get a geometrical explanation for the quadratic & cubic equation solutions!

Absolutely a must see. Enjoy!

 (picture generated by Bing Image Generator-> Imaginary numbers in a complex plane with Salvador Dali style)

Added a book to the library - The New New Thing: A Silicon Valley Story → Lewis

“…In the weird glow of the dying millennium, Michael Lewis set out on a safari through Silicon Valley to find the world’s most important technology entrepreneur. He found this in Jim Clark, a man whose achievements include the founding of three separate billion-dollar companies. Lewis also found much more, and the result—the best-selling book The New New Thing—is an ingeniously conceived history of the Internet revolution. …”

amazon.es/gp/product/B008UXLJN6/ref=ppx…

https://www.amazon.es/gp/product/B008UXLJN6/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1 

Would you rather be a manager or a leader?

https://substack.com/profile/66725113-pedro/note/c-42899651?utm_source=notes-share-action&r=13q5fd 

I really struggle to divide both activities! For me Leadership (or to lead) is 1 of the 4 key activities any good manager has to master, the others are: (i) to plan, (ii) to organize and (iii) to control.

For me it was always a puzzle how one can you make such segregation. It is true that in your journey from junior to senior manager the leadership traits have to be significantly more developed, but that is part of the journey.

This dichotomy Manager vs. Leader will always be a puzzle to me (or not if we look where it started, but that is for a post in itself).

https://www.economist.com/business/2023/10/23/is-being-a-leader-really-sexier-than-being-a-managerEnjoy another great article from the Economist!