Thank you for reading the High-Grade Newsletter!
Back in my gold mining days, the most high-yielding ore was termed, “high-grade”. We divided it out, kept it separated from the rest, and just processing a few hours of the high-grade ore would produce more gold than months and months of processing the low-grade material.
Join the +20 High-Grade readers: https://drewalbertmd.com/the-high-grade-newsletter/
“A soft, easy life is not worth living, if it impairs the fibre of brain and heart and muscle. We must dare to be great; and we must realize that greatness is the fruit of toil and sacrifice and high courage… For us is the life of action, of strenuous performance of duty; let us live in the harness, striving mightily; let us rather run the risk of wearing out than rusting out.” -Theodore Roosevelt
What I’m Listening To
Link. Excellent book about a really interesting guy, Charlie Munger. “Born in Omaha, Nebraska in 1924 Charlie Munger studied mathematics at the University of Michigan, trained as a meteorologist at Cal Tech Pasadena while in the Army, and graduated magna cum laude from Harvard Law School without ever earning an undergraduate degree. Today, Munger is one of America’s most successful investors, the Vice Chairman of Berkshire Hathaway, and Warren Buffett’s business partner for almost forty years. Buffett says “Berkshire has been built to Charlie’s blueprint.”
What I’m Reading
Link. Company of One by Paul Jarvis. Summary: Start small, prioritize profitability, share knowledge, grow through customer retention, don’t forget fundamentals.
Link. Ultimate guide to writing well by David Perell
Link. Investment advice from Berkshire Hathaway that makes alot of sense, but isn’t common sense: Invest in what you know, Never compromise on business quality, plan to hold stock forever, diversification can be dangerous, most news is noise, there is no easy button, know the difference between price and value, the best moves are usually boring, low-cost index funds are sensible for most investors, only listen to those you know and trust.
Link. Great advice: The quality of your work will catch up to your ambition, find ways to fall into intellectual rabbit holes, take mental breaks, chase what you don’t know, be interesting, not perfect, competence is the antidote to fear, your choices belong only to you, love is not an emotion it’s a skill, life is about good people and good stories, no matter what bet on yourself, get proximate to suffering.
Link. Stop undermining your Leadership article: Stop using your phone during meetings/ talking to people, manage your “CC” email list wisely, stop micromanaging use the 80/20 rule focus on the 20% of your actions that will account for 80% of the results, return your peoples’ messages, its the little things that will make an impact with your team.
Link. 11 Reasons not to become famous by Tim Ferriss. Very interesting perspective.
Link. Interesting thread on scaling a service company and lessons learned.
Link. Amazing list of resources on business, tech, philosophy, science, history, and more. Two the stood out so far were Basecamp’s legal structure laid out for free and an essay titled, “Solitude and Leadership“.
Link. Great thread on James Clear’s learnings about entrepreneurship. He is the author of Atomic Habits and NYTs best seller.
Link. Really interesting business that lets you create virtual events and build an audience. This would be great for teaching online and content creators.
Link. Interesting business that allows you to search for anyone’s email address.
Link. Interesting business that allows you to build your first machine learning model in 10 minutes without code experience.
Link. Business that makes it easy to build a membership for your podcast.
Link. Interesting article on the effects of being active on osteoarthritis: “Running significantly reduced OA and hip replacement risk due to, in part, running’s association with lower BMI, whereas other exercise increased OA and hip replacement risk.”
If you enjoyed reading this, please share it with someone you think would be interested!
Here is the link: https://drewalbertmd.com/the-high-grade-newsletter/