#26 - Focus on the Next Good
Something Of Value | Why is it Hard to do Something Consistently For 100 Days | Making an anti-resume | The product development process
👋 Hello
I used to be one of those guys, who think about what was said and how the other person would feel. Many a time, people don’t care and they would have already moved to different things. But I will keep thinking about it for days if not for weeks. This tweet reminded me to let go of the thoughts about the past and to focus on the next good.
🔍 Interesting Reads
SomeThing Of Value by Howard Marks
I am a big fan of Howard’s writings. This letter is no different. He talks about Value Vs Growth stocks. Here is an excerpt
“The search for value in low-priced securities that are worth much more should be just one of many important tools in a toolbox, nota hammer constantly in search of a nail. It doesn’t make sense for value investors to bar investments simply because (a) they involve high-tech companies that are widely considered to have unusually bright futures, (b) their futures are distant and har to quantify, and (c) their potential causes their securities to be assigned valuations that are high relative to the historic averages. The goal at the end of the day should be to figure out what all kids of things are worth and buy them when they’re available for a lot less.“
Why is it Hard to do Something Consistently For 100 Days
Forming a new habit or a routine is hard, for most of us. Setting a goal and failing to do the thing that will get us closer to the goal, we have all been there. In this article, Bhumi recommends a three steps approach to finding the right habit and ways to stick to the habit.
It's not about the time, it's about the forethought, removing the daily friction in our brain created by lack of details, open questions.
Writing down these what/when/where/how questions and your answers somewhere visible. And reviewing them until things become automatic.
Do a trial run for 5 to 7 days before committing to the full 100 days. And in the first week if things don't jell, give yourself permission to iterate or even stop without guilt.
Making an anti-resume
Anti-library refers to a collection of books you keep to read one day. Coralie combined the concept with a resume and she made an anti-resume. I am not sure If someone will hire you based on your anti-resume, but it defiantly helps you focus on the things you want to do and learn in the short term.
The product development process
Define the goal you are trying to accomplish
Write down the requirements that you, the user, care about to accomplish this goal
Put them in rank order
Draw a cut line as far up the list as possible while maintaining a complete user experience
Explore the combinations of requirements and how they can fit together into a cohesive product
Turn this into technical specifications with input from all necessary parties
Have one decision-maker for the final call on what will be built & any on-the-fly adjustments to the plan
Implement while balancing speed and quality
Ship it, measure the goal, and learn how it performs in the wild
Return to step one
📖 What I've Been Reading
Growing Without Schooling by John Holt
Thank you for your support. See you next Thursday!