Thursday, June 22, 2017

Morgan Housel: Writing Lessons for a Better Life

Make your point and get out of people’s way
Writing is one of those things you’ll need to be decent at no matter what business you’re in. It’s also one of the hardest things to get decent at, since it’s 90% art, 10% illogical grammar rules. Novelist William Maughan said there are three rules to good writing. “Unfortunately no one knows what they are.”
The best writers tend to use the fewest words possible. That doesn’t mean their writing is short, but every sentence is critical, every word necessary. Elmore Leonard, the novelist, summed this up when he advised writers to “leave out the parts readers tend to skip.”
It took me a while to realize that a reader who doesn’t finish what you wrote isn’t disrespecting your work. It’s a sign that you, the author, disrespected their time.
Part of the reason this is hard is due to how writing is taught in school. Most writing assignments, from elementary to grad school, come with a minimum length requirement. Write about your summer vacation in at least 10 pages. This is done to maintain a minimum level of effort, but it has a bad side effect: It teaches people to fill the page with fluff. We are masters of run-on sentences and unnecessary details because we’ve relied on them since second grade to meet our length quotas.
We’d all be better writers if the standards flipped, and teachers demanded length maximums. Write about all the major Civil War battles in no more than two pages. That’ll force you to make your point and get out of people’s way.
Connect one field to others
Connecting lessons from one field to another is also one of the best forms of thinking, because the real world isn’t segregated by academic departments. Most fields share at least some lessons and laws between them. Adaptation is as real in economics as it is biology. Room for error is as important in investing as it is engineering. Explaining one topic through the lens of another not only makes it easier for readers to grasp; it’s a helpful way of understanding things in general.
Sleep on everything before hitting the send button
I’m a fan of reading more books and fewer articles
The reason books can be more insightful than articles isn’t because they’re longer. It’s because they took the author more time to think something through.
An article that takes you a few hours to think of, research, write and publish is subject to whatever mood you’re in during those few hours. Maybe it’s cynical, or pessimistic. Or analytical, or fatalistic. Whatever it is, it might not reflect the calmer, thought-out view of something that took you days, weeks, or months to think about.
“The first draft of anything is shit,” said Ernest Hemingway.
A lot of what we write isn’t time-sensitive. You could sleep on it for a day or two or more.

Source: http://www.collaborativefund.com/blog/writing-lessons-for-a-better-life/ 

Tuesday, June 20, 2017

Linkfest


What I Learned About Life by Becoming a Landlord https://t.co/j3CK1k0BCQ http://twitter.com/prashantkhorana/status/855876108473991171
I Took 20 Chinese Students to Meet Warren Buffett. Here’s What Happened. (Pt. 1 of 4) | Jeffrey Towson https://t.co/xLfeXAri0b http://twitter.com/prashantkhorana/status/856061819433168896
3 Life Lessons from Lunch with Warren Buffett | Jeffrey Towson https://t.co/ckgr9eY9YI http://twitter.com/prashantkhorana/status/856062277811830784
Warren Buffett's Q&A with Peking University on February 17, 2017 | Jeffrey Towson | Pulse | LinkedIn https://t.co/90fyymPpLp http://twitter.com/prashantkhorana/status/856062609992417280
The Risk of Discovery https://t.co/m0U52222zG http://twitter.com/prashantkhorana/status/856109896487636992
What makes a great leader? David Rubenstein explores on “Peer-to-Peer https://t.co/kOJz7ZY8GC via @business http://twitter.com/prashantkhorana/status/856236725550690304
The David Rubenstein Show: Oprah Winfrey - Bloomberg https://t.co/jh2XhEpt53 http://twitter.com/prashantkhorana/status/856247452139126786
Steve Ballmer https://t.co/1DjlwhgImi via @charlieroseshow http://twitter.com/prashantkhorana/status/856615345121001473
5 More Life Lessons from Lunch with Warren Buffett | Jeffrey Towson https://t.co/AcX55cqHwT http://twitter.com/prashantkhorana/status/856971406285918210
You’re Too Busy. You Need a ‘Shultz Hour.’ - https://t.co/mxw60W1cPO https://t.co/NwGkpJrLda http://twitter.com/prashantkhorana/status/858264492723064832
Staying Competitive as the World Changes · Collaborative Fund https://t.co/NqmqGudqzL http://twitter.com/prashantkhorana/status/858286328055812096
Capitalism – Michael Dearing – Medium https://t.co/3s58MTQtnP http://twitter.com/prashantkhorana/status/858288469831024641
Third-Point-Q1-2017-Investor-Letter_TPOI.pdf https://t.co/UY138IX3Gu http://twitter.com/prashantkhorana/status/858383587569217537
Losses Are the New Black | No Mercy No Malice | Scott Galloway | L2 https://t.co/B9oUNgGOEB http://twitter.com/prashantkhorana/status/858610466519699456
We were young and ignorant on Sees Candy, now we're old and ignorant #BerkshireHathaway http://twitter.com/prashantkhorana/status/860869053208047616
Adena T. Friedman, President and Chief Executive Officer, Nasdaq, Inc. https://t.co/yp4JtNn4h6 via @YouTube http://twitter.com/prashantkhorana/status/861141251281780737
The dark side of platform monopoly | Platform Strategy – by Sangeet Paul Choudary https://t.co/oAF7dE5wzz http://twitter.com/prashantkhorana/status/862982169626542080
Dwayne Johnson for President! | GQ https://t.co/seoFdmePkt http://twitter.com/prashantkhorana/status/863376841758969856
Sheryl Sandberg: fighting fake news and Facebook’s future https://t.co/PoPLwpielU http://twitter.com/prashantkhorana/status/863415998002679808
Sheryl Sandberg: fighting fake news and Facebook’s future https://t.co/BYY1lRqTPe via @instapaper http://twitter.com/prashantkhorana/status/863416444230520832
When Giants Fail https://t.co/g6rVVOxVal http://twitter.com/prashantkhorana/status/864490477483048960
A Remote Paradise Island Is Now a Plastic Junkyard - The Atlantic https://t.co/GhRaKFZM9M http://twitter.com/prashantkhorana/status/864869843572367360
Seth's Blog: What Henry Ford understood about wages https://t.co/DBIGz3qCqp http://twitter.com/prashantkhorana/status/864872620575014912
The Michael Milken Project https://t.co/AcmUdrbebQ http://twitter.com/prashantkhorana/status/864874961294434304
A Kiss Before Dying https://t.co/0pIAr1hHZP http://twitter.com/prashantkhorana/status/865622532732276737
The Michael Milken Project https://t.co/AcmUdrbebQ http://twitter.com/prashantkhorana/status/865622584913666051
Rewriting the Code of Life - The New Yorker https://t.co/2npZTQLv1A http://twitter.com/prashantkhorana/status/865622632875544576
CNBC Exclusive: CNBC Transcript: Goldman Sachs Chairman Today https://t.co/HcfVZd3fQl http://twitter.com/prashantkhorana/status/865622718258880514
Why Amazon is eating the world | TechCrunch https://t.co/TW2hy81xFO http://twitter.com/prashantkhorana/status/865622777314721793
Giovanni Ferrero samples the sweet taste of success – European CEO https://t.co/d8obLhuY0J http://twitter.com/prashantkhorana/status/866135656858173440
The Panera Bread Story – Told by Founder Ron Shaich - Intelligent Fanatics https://t.co/8Ok2EPtOjv http://twitter.com/prashantkhorana/status/866165462349905920
Graduates: Be True Patriots - Bloomberg https://t.co/RnKzLpAtSH http://twitter.com/prashantkhorana/status/866188617680433152
Isabelle Kocher sparks Engie to life – European CEO https://t.co/A02faVSr0k http://twitter.com/prashantkhorana/status/866589272366759937
Full Transcript: Billionaire Investor Warren Buffett Speaks with CNBC https://t.co/z56VG3UCRc http://twitter.com/prashantkhorana/status/866591277571125249
Bad experiences : https://t.co/XBY7zY34Io http://twitter.com/prashantkhorana/status/868824900080947201
A Poetic Novel About Grief https://t.co/oeb7czFcVk via @billgates http://twitter.com/prashantkhorana/status/868825433701318656
The Advantage Of Being A Little Underemployed https://t.co/dB7sFBlQjv via @collabfund http://twitter.com/prashantkhorana/status/870949608511483904
Bad Experiences https://t.co/XBY7zY34Io via @collabfund http://twitter.com/prashantkhorana/status/870960877578702848
When Giants Fail https://t.co/44jCZz1X6s via @instapaper http://twitter.com/prashantkhorana/status/871059855674662912
Full interview: Marc Andreessen and Reid Hoffman, Co-Founder of LinkedIn... https://t.co/gxaFu5yEnS via @YouTube http://twitter.com/prashantkhorana/status/871068344048386049
Howard Marks Investor Series with Bruce Karsh https://t.co/NmdijLOjo3 via @YouTube http://twitter.com/prashantkhorana/status/871312378532679680
Alphabet CFO Ruth Porat defends Google’s pay practices | Full Code inter... https://t.co/0AE0ydX2He via @YouTube http://twitter.com/prashantkhorana/status/871395314577625089
The Last Hedge Fund Pit Bull | Institutional Investor https://t.co/Suzp5LKEX2 http://twitter.com/prashantkhorana/status/872801898973233153
Greatest Hits From Michael Mauboussin & Meir Statman https://t.co/P0dbQMzvMC http://twitter.com/prashantkhorana/status/872802891974705152
Peer-to-Peer Live: David Rubenstein and Paul Singer - Bloomberg https://t.co/Z7Muo25xrW http://twitter.com/prashantkhorana/status/873270185351942145
Mary Barra, Chairman and CEO of General Motors, on Achieving Results wit... https://t.co/qUtaDDxpMH via @YouTube http://twitter.com/prashantkhorana/status/873275544560959488
Strategy in the Age of Superabundant Capital https://t.co/5DdwJeSVX0 http://twitter.com/prashantkhorana/status/873512508908347392
How Schwarzman Leveraged Wall Street’s Most Turbulent Decade https://t.co/8ZNdfZ5nZq http://twitter.com/prashantkhorana/status/873512550348017664
A Dozen Thoughts from Charlie Munger from the 2017 Berkshire Annual Meeting | 25iq https://t.co/d28tKy2q3w http://twitter.com/prashantkhorana/status/873512597513015296
TylerCowenAlphachatTranscript-1.pdf https://t.co/iT0q6ogpqJ http://twitter.com/prashantkhorana/status/873512634741665792
Adnan Khashoggi, High-Living Saudi Arms Trader, Dies at 81 - The New York Times https://t.co/OabCXymbSV http://twitter.com/prashantkhorana/status/873512671987064832
Hell Is Empty And All the Hedge Fund Managers Are At The Bellagio https://t.co/yiKULR8idb http://twitter.com/prashantkhorana/status/873512701888266240
Blogger wisdom: turnabout is fair play https://t.co/Gj3LepyKn1 http://twitter.com/prashantkhorana/status/873512739506966528
Getting Hacked, Lessons Learned – AVC https://t.co/CSqpj0F54W http://twitter.com/prashantkhorana/status/873512796725452800
The Last Word On Nothing | Falling https://t.co/C7zQ0JgMij http://twitter.com/prashantkhorana/status/873512859262754816
Why do so few people major in computer science? | Dan Wang https://t.co/oe62G6QhP3 http://twitter.com/prashantkhorana/status/873512891357462532
How to use repetition | OUPblog https://t.co/Bn1JrFgwc5 http://twitter.com/prashantkhorana/status/873512985007927296
The rise of the QR code and how it has forever changed China’s social habits | South China Morning Post https://t.co/Mdqo9QwNHV http://twitter.com/prashantkhorana/status/873513041219997696
The Bounty Hunter of Wall Street - The New York Times https://t.co/RjWVzAr4ob http://twitter.com/prashantkhorana/status/873814652299481088
The Real Story Behind Elon Musk’s $2.6 Billion Acquisition Of SolarCity https://t.co/BPj4OK0ifV http://twitter.com/prashantkhorana/status/875063700255891456
The Reconstruction of Ulysses S. Grant • Damn Interesting https://t.co/uGZmQH7Zcq http://twitter.com/prashantkhorana/status/875063737325158402
A Plane Crash, A Glacier, And An Entrepreneur: How Icelandair Opened Up Air Travel For Everyone https://t.co/n7M9XVXvD8 http://twitter.com/prashantkhorana/status/875063819558690816
A Dozen Lessons about Business Valuation from the Iridium Debacle | 25iq https://t.co/QZl0DuAE1l http://twitter.com/prashantkhorana/status/875063853645791232
Frank and Steven’s Excellent Corporate-Raiding Adventure - The Atlantic https://t.co/7sLwzqbHzA http://twitter.com/prashantkhorana/status/875063898642296833
“A16z’s Marc Andreessen with Axios’ Dan Primack” by @ullmanz https://t.co/eiKbbALES3 http://twitter.com/prashantkhorana/status/875099794963869697
Amazon buying Whole Foods Market | Chain Store Age https://t.co/kNbihgmZjH http://twitter.com/prashantkhorana/status/876005234039980033
Experience Is Overrated https://t.co/2ERkSbI3ne http://twitter.com/prashantkhorana/status/876128436007440384
Jeff Bezos’ Email to Employees On Amazon’s Purchase of Whole Foods - McSweeney’s Internet Tendency https://t.co/8aeD7No45m http://twitter.com/prashantkhorana/status/876190812836638720
Raj Chetty on Teachers, Taxes, Mobility, and How to Answer Big Questions https://t.co/QD6Eh1i5OX http://twitter.com/prashantkhorana/status/876191652829900801
The Seduction of Pessimism · Collaborative Fund https://t.co/UOpSAOGQjS http://twitter.com/prashantkhorana/status/876191699084685315
Young Men Are Playing Video Games Instead of Getting Jobs. That's OK. (For Now.) - https://t.co/aexXUZEDE0 https://t.co/twOjJiSHq0 http://twitter.com/prashantkhorana/status/876191786162683905
The lost genius of the Post Office https://t.co/qn5eJsVBpa http://twitter.com/prashantkhorana/status/876191837484179460
There Is No New Chinese “Sharing Economy”. Didi, Mobike, and Others Are Classic Disruptors (Pt 1). | Jeffrey Towson https://t.co/ZY91f2IlAH http://twitter.com/prashantkhorana/status/876191878986813443
The Shelf Life of John Mackey - Texas Monthly – Featured Texas Monthly – Featured https://t.co/FNOYOCpIiN http://twitter.com/prashantkhorana/status/876377319505612800
Did the Jack Welch Model Sow Seeds of G.E.’s Decline? - The New York Times https://t.co/RkrGCSLMgK http://twitter.com/prashantkhorana/status/876789398012141569