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- Every monster has a big shadowToday
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That's what makes it a monster.
In fact, when you look the monster in the eye, when you calmly and carefully inspect the actual monster, you discover that he's not so bad after all. It's just the shadow that's scary.
When in doubt, ignore the shadow.
- A few books for summer readingYesterday
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Paco Underhill on women and retail.
Nancy Lublin on learning from causes.
Noah Boyd with an FBI thriller beach read. Better than the last Reacher novel, imho.
And stunningly elegant (and lovely to hold) pottery inspired by some of my work from Lori Koop.
- The power of syncYesterday
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100 people doing something at the same time has far more power than 300 people doing it over time.
We unconsciously amplify the power of coordination when we consider the impact of actions. If there's a thousand people waiting outside of a store, we instantly believe we're seeing a phenomenon.
While the internet makes it easier than ever to spread ideas, it makes it far more compelling to coordinate actions.
If everyone in your weekly meeting drops a pencil at precisely 12:03, you'll notice.
- Here comes the paperback Kindle... as promisedJuly 28
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The wifi Kindle, $139. Drop the first digit and you're on to something. And it only took them six weeks!
- It's (always) too soon to know for sureJuly 28
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The cost of being first is higher than it's ever been...
It's entirely possible that you're racing.
Racing to the market with a new product or a news story or a decision or an innovation. The race keeps getting faster, doesn't it?
If you're racing, you better figure out what to do about the times that you don't know for sure...because more and more of your inputs are going to be tenuous, speculative and possibly wrong. Day traders have always understood this--all they do is trade on uncertainty. But you, too, if you're racing, are going to have to make decisions on less than perfect information.
Given that fact, what are you going to do about it? I think it's worth a few cycles of your time.
Is it smart to blog on a rumor?
Worth dropping everything and panicking because of a news alert?
Should you hire someone based on information you're not sure of?
What about changing your website (your pricing, your layout...) based on analytics that might not be absolutely correct? How long are you willing to wait?
Given that you will never know everything for sure (unless you're opting out of the race), some of the issues are:
- What's the cost of waiting one more day?
- Are you waiting (or not waiting) because of the cost of being wrong, or because loud people are yelling at you?
- Is the risk of being wrong unreasonably amplified by part of the market or your team? What if you ignore them and focus on
