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Next time someone tells you that making money isn't a matter of mindset, ask them how much they earn. ​ I see out there many people following advice from people that have zero skin in the game. Accountants that tell you to do X, Y, Z, with your investments… but they don’t have any investments. Or accountants that tell you that you shouldn’t create a company and remain as a sole entrepreneur because it’s simpler… but they use a company. Traders that provide courses and make zero dollars doing traders… 100% of revenues providing courses. I always got fascinated by professors in MBA schools that were teaching “business”, but they haven’t created any. Now, it’s the social media. People telling you about successful businesses that you should create… when the only business they have created is being an influencer. Look. Use this information as you like. If you want to follow someone with skin in the game. You can use the link below.
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The government wanted fewer rats. So it paid people to kill them. People started breeding them. Unattended consequences are called today. Or wrong clauses and incentives, as it should be. Hanoi. 1902. The French colonial authorities had a rat problem. And a solution that looked perfectly sensible. Pay a bounty. Require proof. Count the results. Lovely. But… There was just one small detail. The proof was a tail. Not a dead rat. Apparently, nobody thought that distinction would become...
He won the tender. Sixty-six days later, he was eliminated… I mean… dead. Which is a fairly aggressive way to terminate a contract. Rome. AD 193. Escalation did not have several levels of governance apparently… or they were just efficient too… Anyway. The Praetorian Guard murdered Emperor Pertinax. An awkward development. Especially considering their job was to protect him. Like Lenders… when you do need them… The fact is that the guys spotted a commercial opportunity. A vacant throne. Two...
I bring you today a useful reminder for anyone advising the public sector. Shanghai’s Maglev. It connects Pudong Airport with Longyang Road in about eight minutes. Eight minutes. Fantastic. Except, if you’re heading into central Shanghai, your journey continues... Even the city’s own airport guide explains the onward metro connection at Longyang Road. The train has finished its job. You haven’t finished your journey. Your suitcase remains unimpressed… Nothing to say about your hungry kids....