What I’m Learning – Sustainability and Values

If you enjoy these posts, please share them! I was always trying to find the right mix of content that was real, no fluff,  interesting, and would help me grow, and truthfully I haven’t really found the perfect source. So, I decided to make my own. I hope you enjoy some insight into what I’m trying to learn more about this week.


There are many opportunities for different industries to benefit from each other, but very few that focus on that crossover. This newsletter is meant to embrace the crossover.


Here is the link: https://drewalbertmd.com/what-im-learning-newsletter/

Quotes

It is important for you to know what mix of qualities is important to fit each role and, more broadly, what values and abilities are required in people with whom you can have successful relationships. In picking people for long-term relationships, values are most important, abilities come next, and skills are the least important. Yet most people make the mistake of choosing skills and abilities first and overlooking values. We value people most who have what I call the three C’s: character, common sense, and creativity.


If your people are bound by a sense of community and mission and they are capable, you will have an extraordinary organization. Some people will value the mission and community and others won’t. Since, at Bridgewater, the key shared values that maintain our culture are meaningful work and meaningful relationships, radical truth and radical transparency, an open-minded willingness to explore harsh realities including one’s own weaknesses, a sense of ownership, a drive for excellence, and the willingness to do the good but difficult things, we look for highly capable people who deeply want all of those things.” 


-Ray Dalio, Principles: Life and Work



“In time, I realized that the satisfaction of success doesn’t come from achieving your goals, but from struggling well.” 


-Ray Dalio, Principles: Life and Work

Thought of the Week

Don’t accept things as normal or just the way things have always been. Seek truth, ways to improve, and challenge what is normal in pursuit of continuous improvement. 

What I’m Listening To

(Link) Let My People Go Surfing: The Education of Reluctant Businessman. 


“Memoir, Yvon Chouinard – legendary climber, businessman, environmentalist, and founder of Patagonia, Inc. – shares the persistence and courage that have gone into being head of one of the most respected and environmentally responsible companies on earth.” 


This book is very interesting, it is challenging the modern concepts of growth at no matter what the cost. Instead it focuses on how quality, sustainability, and organic growth can be the most rewarding and yet effective focus a business can make. 

What I’m Reading

(Link) How Turner Novak, a Michigander from Ann Arbor broke into venture capital and his thoughts on how beneficial it can be to start a Substack (a platform for self-publishing). Good lessons in marketing yourself.


(Link) Economics of how information technology like the mobile phone can decrease price variations within a market (which makes sense when information sharing is more readily available). Interesting discussion on Pareto Efficiency and the “Law of One Price”. 


Pareto efficiency, or Pareto optimality, is an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off. Pareto efficiency implies that resources are allocated in the most economically efficient manner, but does not imply equality or fairness.

Law of One Price” The law of one price is an economic concept that states that the price of an identical asset or commodity will have the same price globally, regardless of location, when certain factors are considered.


(Link) Andrew Wilkinson interview on the 20VC podcast. This interview was really eye opening. Andrew is building Tiny, the Berkshire and Hathaway of the Internet. Tiny is buying, investing in, and changing the game when it comes to helping founders build businesses and pursuing innovation. 


(Link) Jude Gomila’s business Golden (New more intelligent Wikipedia) was featured in last week’s post. Jude is someone who is always seeking more knowledge. Truthfully, healthcare badly needs more people like Jude. Check out what he is working on and it will blow your mind.


(Link) HackerNoon is an interesting tech based news platform. Just started exploring this resource.


(Link) Startup jargon explained. List of awesome resources by Dan Romero.

Interesting People You Should Follow and Learn From

(Link) David Perell 


(Link) Jude Gomila


(Link) Andrew Wilkinson

Interesting Companies

(Link) David Perell has some really interesting thoughts. He listed the figma article below as an example of the tweet shown above about applying Silicon Valley’s business frameworks to other industries. I believe healthcare should be one of those industries. 


(Link) Figma, a collaborative design platform. Check out this article about, “Why Figma Wins”.

“Figma allows closer collaboration between designers and non-designers, but the second order impact of this on the social norms of teams is far more impactful. Historically, there has been so much friction in the design process that design is brought in after most decisions have been made. And conversely, there is a limited set of changes non-designers can push for once the design is set.

Tightening the feedback loop of collaboration allows for non-linear returns on the process. Design can be drafted simultaneously with the product, allowing feedback to flow in both directions throughout the process. Aligning the assets used by design and engineering allow more seamless handoffs, and allows for more lossless and iterative exchange.”


(Link) Upwork is a way to find contractors and virtual assistants online. I’ve actually experimented with using Upwork and it is very easy to use! I would highly recommend you check it out.


(Link) Starlink is one of the most amazing companies that is being built today. It will likely revolutionize the delivery of the internet and bring access to so many people who don’t have good internet access currently.


If you enjoyed reading this, please share it with someone you think would be interested! 


Here is the link: https://drewalbertmd.com/what-im-learning-newsletter/


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