How to Get Rich (Naval Podcast)

“Wealth is the thing you want. Wealth is assets that earn while you sleep; it’s the factory of robots cranking out things. Wealth is the computer program running at night that’s serving other customers. Wealth is money in the bank that is reinvested into other assets and businesses.” – Naval Ravikant

Transcript: https://nav.al/rich

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The Roadmap to an Analytics Culture – Robert J Zwerling & Jesper H Sorensen

“Building the culture to advance Finance from average to world class has four key components: (1) Mindset, (2) People, (3) Processes, and (4) Systems. These components, when aligned, institutionalize the practices about data driven decisions for business optimization.

Creating a “culture” of data driven decisions with analytics requires a Roadmap to advance Finance to the world class strategic business partner. Depicted in the Figure below, illuminates the four components of culture as a tightly integrated and interdependent framework.” – Robert J Zwerling and Jesper H Sorensen.

Read the original article on LinkedIn: https://www.linkedin.com/pulse/roadmap-analytics-culture-jesper-hybholt-sorensen/. The article is a collaboration between Robert J Zwerling and Jesper H Sorensen from the organization Finance Analytics Institute (www.fainstitute.com) and is an excerpt from their book, Implementing an Analytics Culture for Data Driven Decisions – A Manifesto for Next Generation Finance.

Copyright 2019 Finance Analytics Institute, Robert J Zwerling & Jesper H Sorensen. All rights reserved. No part of this document may be reproduced without this copyright notice.

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The Age of With: Exploring The Future of Artificial Intelligence – Deloitte Analytics

“What idea links machines and people? The common answer is versus. But the true role of analytics and AI along with other tools is collaborative. The future of artificial intelligence is a future of human potential: people with machines, doing more than either could alone. Welcome to the Age of With™.”

Read more on Deloitte.

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When You Have No Idea What Happens Next – Morgan Housel (Collaborative Fund)

“We’ve learned this year that assumptions you have about the future can be destroyed overnight. That’s true for the poorest to the most successful, the old dry cleaner to the tech startup. It was true in January, and it’ll be true again in the future. Things change.

If that’s the lesson, the question is: what do you do about it? How do you think about a world where fundamental assumptions about the future are so fragile?” – Morgan Housel

Read more on Collaborative Fund.

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How to Write a Memoir Using Different Fiction Genres — Trina Looks Back

“Memoir is a type of creative non-fiction. Unlike the autobiography, which focuses on the entire life of the writer, the memoir takes place during a particular period of time. Essentially, it is a slice of life. Thus, memoir in itself is a genre. However, you can write a memoir using the technique of a fiction […]”

Read more on Trina Looks Back.

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The Nature of Learning According to US Marines

In two recent episodes of Jocko Podcast, Jocko and Co. discussed MCDP 7 – a new Marine Corps publication describing the learning philosophy of Marines. While the MCDP 7 document is written for Marines, it is packed full of powerful, easily applicable lessons. Whether your a student, athlete, musician, academic, business professional – you name it – you can learn something from MCDP 7.

Jocko Podcast 227 w/ Dave Berke: Learning for Ultimate Winning. New, MCDP 7 Learning.

The Jocko podcast episodes do a fantastic job of unpacking MCDP 7 in detail and translating it for use outside of the arena of war, albeit over two long episodes. While we strongly recommend taking the time to listen to them and read the full MCDP 7 publication, we want to emphasize the importance of the first chapter, The Nature of Learning. There are easily 15-20 lessons in this chapter alone, but we created a condensed list of our five favourite takeaways that can (and should) be utilized by everyone right away.

Jocko Podcast 228 w Dave Berke. Put Pressure on Your Mind. Be Your General. Be Your Soldiers MCDP 7

1. There is more to learning than reciting information.

Learning involves mental, physical, social, emotional, and other factors that are learned in both formal and informal settings. The learning process is divided into training and education; Training is the learning-by-doing component, while education involves studying and intellectual development. Both elements are critical to learning success.

2. Gain the “intellectual edge.”

Combining knowledge and experience will improve problem-solving, mental imaging, and other cognitive competencies that enable faster and more effective decision-making – even under time constraints or when exposed to imperfect information. 

3. Enhance your memory.

Technology is a valuable tool to master, but it isn’t failproof. Relying solely on technology can backfire when time is of the essence, or when the technology malfunctions. The mind must be able to recall the necessary knowledge instinctively in high-pressure scenarios, which requires consistent practice.

4. Learning is hard. Don’t make it harder.

The learning process can be a difficult one, and a lack of self-awareness, humility and time management will only make things worse. To be a better learner, one must better understand themselves.

5. Learn vicariously.

Learning by doing is required, but don’t underestimate the importance of learning through others by reading or otherwise studying their experiences.

These takeaways are just the tip of the iceberg, so be sure to read the full MCDP-7 publication (download link below) and listen to both Jocko Podcast episodes (embedded above).

Looking for more Jocko wisdom? Check out his podcast episodes or books—all of them.

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