The Most Valuable Commodity in the World is Friction

we have a world where friction gets automated out of experiences, aestheticized in curated lifestyles, and dumped onto underfunded infrastructure and overworked labor. The effort doesn’t disappear; it just moves.

The economic signal (the diploma) still circulates as if the underlying work has occurred. But the work isn’t there. We’ve just shifted the friction offscreen, and have outsourced it to a chatbot and let the system pretend nothing’s changed. So at this moment, we are credentialing fluency with tools that do the thinking for you.

friction has become a class experience. Wealth has always helped smooth over bumps - but when the physical world is such a mess and the digital world is so easy, it’s simple to curate the digital into the physical if you have money.

The American economy has been running a decades-long experiment in removing friction, both through technological advancement and through financial engineering that pushes costs into the future. The resulting prosperity has been very real, but it’s been built on the proverbial kicking the can down the road.

When Mark Zuckerberg’s Meta builds frictionless social interfaces, that cognitive smoothness is subsidized by somewhere, somehow, right? The same economy that produces simulated friends for the lonely American also produces understaffed air traffic control towers. The same investor class that funds “never think alone” startups also lobbies against infrastructure spending, or perhaps, housing.

Amazon’s one-click ordering creates a seamless customer experience by offloading friction onto warehouse workers and delivery drivers.

There’s nothing worse than being right and everyone agreeing with you. There’s no way to make any cash.

Compliance is the New American Dream

a world built on compliance might function for a while. But it will never lead. And right now, we really need people who can lead.

For the interview with Goldman I turned up in my hoodie and trainers and I told them that I definitely didn’t want the job. They put me through to the second round after that.

Stocks never go down. Stocks only go up. When the economy is good stocks go up, and when the economy is shit, they print so much money stocks go up even more. Same with fucking houses. Everything goes up. The asset holders never lose.

One hundred days

You are NOT right if you stand a man on his head JUST to get attention. You ARE right if you have him on his head to show how your product keeps things from falling out of his pockets.

Why Labour and Trump will both fail

[Money is not a real resource like food or housing; it’s used to determining the allocation of real resources.]

there are too many problems i’ve solved with nail clippers

composing (to place/put together) becomes necessary when you don’t have everything

[The economy is people and their ability to live, not numbers. We didn’t need to make conversations with our cleaners to understand the lives of everyday people.]

[In the best trades, you use your nose to smell stupidity.]

Surviving Crappy Markets 101

[Market downturns are more the norm than exception, yet bull market gains often make up for them in multiples.]

This is another general rule of trading: you don’t necessarily make money by being right, but by being right when others are wrong.

Trevor Noah: My Depression Was Linked To ADHD! Why I Left The Daily Show!

[Growing up in abusive households make you sensitive to your environment to the point where I knew by the sound of his footsteps whether or not my stepfather was coming home drunk.]

[You’ll be surprised at how often your ‘screw them’ choice reflects something you perhaps need to be doing more of.]

The E-Myth Revisited by Michael E. Gerber on Blinkist.

[Technical skill alone is insufficient to kickstart a successful business and can easily lead to unsustainable models where the founder does everything.]

[Turnkey businesses are popular because they have a far higher success rate; they consider and plan all aspects of the business beforehand so that the owner doesn’t need to be present.]

[Every single process needs to be documented in order for someone to run the business without you.]

[Structure all aspects of the business to support your personal objectives.]

[Your marketing should consider the customer and ignore everything else. Get to know their profile as best as you can and market in ways that are appealing to them. Adapt your strategy as they change.]

[All of this ‘business development process’ never stops, continuing as you learn while in motion and understand through testing.]

Thus Spoke Zarathustra by Friedrich Nietzsche on Blinkist.

One must be a sea to receive a polluted stream without becoming impure.

Speed Reading by Kam Knight on Blinkist.

[Note down every recent read and your reason for each; having clear purpose optimizes your perception and naturally goal-seeking tendencies for what’s relevant.]

[Perceive the outline or structure beforehand to give yourself a mental model to fill in as you read.]

[Shift your gaze to the spaces between words or slightly off center to use your peripheral vision.]

[Inhibit subvocalization by closing your mouth firmly, humming, or listening to instrumental music.]

[Having an idea of the author’s main message before reading helps move beyond a set of random words and into reinforcement of a larger concept. Reflect after each chapter on how the details support the main point. Mark new words and research them after each chapter to put them in better context.]

[Reduce eye strain with exercises such as: looking from side to side without moving your head, rolling them in a circle, or making figure eights.]

Capital by Karl Marx on Blinkist.

[Human labour transforms raw resources into commodities that have a ‘use value’ and ’exchange value’.]

[Work is a means to survive, rather than express creativity or humanity, and alienates workers from each other by forcing them to compete against one another for limited jobs.]

[Value comes from human labour, and transitioning entirely to mechanized labour generally reduces the rate of profit.]

Atomic Habits by James Clear on Blinkist.

[Habits compound when repeated but results are not noticeable day-to-day.]

[Focus on your trajectory instead of the result.]

[Habits are by being led from cues that triggers you to act, to cravings for a specific outcome, to responses that alleviate yhe craving, to an eventual reward that gives you a positive feeling.]

[Help strengthen your cue by changing your environment and implementing an intention or plan.]

[Bundle habits you avoid with ones you like.]

How Emotions Are Made by Lisa Feldman Barrett on Blinkist.

[Our labeling of emotions refers to the culturally created concept rather than a specific universal sensations.]

Let’s make homemade oat milk! 🥣🥛☕️

Ingredients

• 1 cup rolled oats
• 6 cups water
• 1 pinch salt

Method

• Blend everything together and strain with a tea filter.

Behave by Robert Sapolsky on Blinkist.

[Damage or pressure to the amygdala or frontal cortex can spur people to do harmful or negative things without them being aware of it.]