What We’re Reading
These are some superpowers that I’ve observed in business and investing over the years, in no particular order of importance. They’re all important. No one possesses them in equal measure but most successful people I’ve known possess a little bit of each of them:
Ten years on from its release, investors still return to “Margin Call” when panic grips the markets. Data from an account management system that tracks income from the film show viewing tends to surge during times of market volatility, Chandor told Bloomberg News in a live Q&A blog.
“I always joke with my producers that if we could somehow track the rentals of “Margin Call” in the world’s top 50 business hotels, we could probably make some decent bets on when trouble was on the horizon,” he said.
Customers complete 28% of purchases on Amazon in three minutes or less, and half of all purchases are finished in less than 15 minutes. Compare that to the typical shopping trip to a physical store – driving, parking, searching store aisles, waiting in the checkout line, finding your car, and driving home. Research suggests the typical physical store trip takes about an hour. If you assume that a typical Amazon purchase takes 15 minutes and that it saves you a couple of trips to a physical store a week, that’s more than 75 hours a year saved. That’s important. We’re all busy in the early 21st century.
If you went back in time before your birth you’d be terrified to do anything, because you’d know that even the smallest nudges to the present can have major impacts on the future.
Applied to today, a reminder that how you live each day really does matter. It changes the future.
Have a good weekend.