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Seek the Inconvenient

July 6th, 2010 admin No comments

I’ve always loved convenience.

When choosing where to live, convenience trumps everything. I always in terms of efficiency when doing tasks.

However, it can lead to sub-optimal solutions.

You end up picking the best MARKETING, NOT the best VALUE.

Today, I decided to try a food stand which looked really inconvenient. Long line. Hot heat next to burning coals 1 inch away from singeing your skin. Crowded in a cramped space.

It turns out, they sell chicken and fish 70% below my previous haunt.

Lesson: Seek the Inconvenient.

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Get Better at Finance by Not Learning Finance

July 4th, 2010 admin No comments

Mathematician Terry Tao has some good suggestions on how to improve your abilities.

One suggestion is to learn things outside your field.

How do you do this?

1. Collaborate on projects with people outside of your field

2. Attend talks and conferences outside of your field

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