6/13/2024

Chinese proverb

There's an old Chinese proverb that goes something like this, If you want to get knowledge, add something every day. If you want to achieve wisdom, subtract something every day

- Pedro

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6/11/2024

Do you know how many Chinese university students will graduate this month (Jun'24)?

Did you know that this month 12m (million) students in China will graduate from College 🤯🤯🤯…. Let that number sink in !

- Pedro

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6/09/2024

New certification: Stats and Math for Data Science from O'Reilly

I’m happy to share that I’ve obtained a new certification: Stats and Math for Data Science from O'Reilly! Great recap of several key concepts mainly on descriptive statistics, distributions, probability theory, central limit theorem, hypothesis testing, regressions - linear, polynomial, logistic-& Anova, and couple of new insights on decision trees and random forests. https://www.credly.com/badges/368bb43f-8214-4afe-9098-dee9f07a0567/public_url

- Pedro

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How to write a good CV - 8 key insights

The second post I make in the last 15 days, now in English the former was based on an “El Pais” article -https://substack.com/@pedrosantospinto/note/c-56708941-, thus in Spanish, related on how to write a good CV, based on an Economist’s article that I found very interesting and useful for all the ones pursuing a new job. Key insights: Your resumé is not extended list of everything you have done in the past; it is rather a marketing tool. On average a recruitment professional takes 7 seconds making an initial assessment and selection of the received CV, thus every relevant word per second counts, Make it user friendly and nice to read→ use a clean, simple format. Less is more! Eliminate typos, avoid clichés… Don’t forget to include your contacts :-) (strangely enough sometimes it happens) Take time to develop it, condense and filter it as much as you can. Using Saint-Exupery quote (by memory) “It will be perfect not when you cannot add anything else, but when you cannot remove anything from the document”. Adapt your CV to the company you are applying, tweaking it to the industry, company or job you are applying, Quantify, if possible, your accomplishments. Hope it can be useful and happy readings! How to write the perfect CV https://www.economist.com/business/2024/05/30/how-to-write-the-perfect-cv from The Economist

- Pedro

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When to "Kill" your investment

A great article from the Economist on the when to divest importance from an investment and how and when to make that decision. This would be equally applicable to your stock portfolio, but also at corporate level from business units. It is true that 90% of the literature is about on how and when to buy, but equally important and value generating, but oftenly forgotten, is when to sell. I have a simple rule when buying or selling, if the value is under the low range of my valuation by more than 20% i should buy and when it is higher that 20% of range of my valuation, I should sell :-). The range is the interquartile of my valuation (usually done via a Monte Carlo simulation of 6 to max 10 key business variables). Key takeaways from the article: 1- Buying and selling 2 side of the same coin, 2- Should track also the ones you have sold to check if it was appropriate and learn, 3- Define a “Kill- Criteria” for every investment and stick to it. Happy readings! When to sell your stocks https://www.economist.com/finance-and-economics/2024/05/30/when-to-sell-your-stocks from The Economist

- Pedro

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(re)Starting a new book: The Pyramid Principle: Logic in Writing and Thinking by Barbara Minto

(re)Starting a new book! The Pyramid Principle: Logic in Writing and Thinking by Barbara Minto “…The Pyramid Principle is the international best-seller on how to think creatively, reason lucidly and produce crisp, clear, compelling business writing. Join the tens of thousands of people worldwide who have benefited from Barbara Minto's technique, to present your thinking so clearly that the ideas jump off the page and into the mind of the reader. Can your writing do without it?…” https://www.goodreads.com/book/show/124582544-the-pyramid-principle?ac=1&from_search=true&qid=UUwCE5yDqk&rank=5

- Pedro

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Finalized: Strategy Beyond the Hockey Stick: People, Probabilities, and Big Moves to Beat the Odds → by Chris Bradley, Martin Hirt, Sven Smit

Finalized Strategy Beyond the Hockey Stick: People, Probabilities, and Big Moves to Beat the Odds → by Chris Bradley, Martin Hirt, Sven Smit Book Rating - 5 / 5 It was a pleasant surprise to read this book on strategy. Really enjoyed it and it is great food for thoughts on the way I would define and deploy Strategy from now onwards (it will improve my current framework in several ways). A must read for all the ones interested in the subject. Review to come shortly. https://www.goodreads.com/book/show/37916972

- Pedro

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