WeWork’s evolving business model – Fast Company
- WeWork so far has built it’s business model upon rent arbitrage: buying (relatively) cheap office space and renting it out at higher rates by offering perks and amenities.
- This article outlines how WeWork is pushing towards higher margin adjacencies, by capitalizing on its community assets.
The Ethical Dilemma about Working at a Tech Startup – The Ringer
- “There’s a lot of personal guilt around pursuing CS. If you do that, people call you a sellout or you might view yourself as a sellout. If you take a high-paying job, people might say, ‘Oh, you’re just going to work for a big tech company. All you care about is yourself.”
Fooled by Randomness by Nassim Taleb
- Taleb: imagine a successful investor who earns an average of 15%/year in excess of t-bills with 10% error rate per year (where 68% of outcomes will fall between +/- 10% of the 15% excess return). Correspondingly, 95% of outcomes will therefore fall between -5% and 35% return relative to t-bills, an excellent prospect. What does this imply about expected returns over time? 93% likelihood of positive returns over a year, but only 54% likelihood of positive returns over any particular day. If tracking each minute over the 8-hour market window, the investor will have 241 pleasurable minutes, and 239 displeasurable minutes, which tend to weigh more heavily in our minds. The lesson: lower frequency of observation is associated with a higher signal to noise ratio.
- You don’t need to, and maybe shouldn’t, seek rationality in all areas of your life. It’s useful to create guardrails for your own sustainable survival, but allow yourself the freedom to let your emotional dispositions guide your day to day.