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P.S. You Should Know... | Issue #144

👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7
December 29 · Issue #144 · View online
P.S. You Should Know...
👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7am CST, and definitely the best one published by me. Now in its third year!

my story 🚀
😬 One side-effect of choosing email as my platform is the unforgiving permanence of errors. After all, I can’t exactly pull something out of your inbox once I’ve realized my mistake. Many of you discovered my error last week: the broken link to How I Optimize, my post about my career and business goals. Please accept this admission of fault as my repentance. Oh, and check out the article too!
📘 Flow by Mihaly Csikszentmihalyi (Psychology / Happiness)
I accidentally read a self-help book and I liked it. We’ve all heard of the ‘flow state’ by now, right? It’s the state of mind where you’re fully immersed in the task at hand and everything else drifts away…
🥳 That’s it for this year. Happy holidays, all. See you in 2020!
someone else's words 💬
👉 Like this quote? Yes 👍 OR No 👎
fun facts 🙌
Largest corporate profits and losses. I read somewhere that AOL Time Warner had the largest ever corporate loss of $100 Billion in a year in 2002. This is a complete list of largest profits and losses both annual and quarterly. In 2008, one company lost $68 Billion in a single quarter - can you guess which? | learn more
What is a White Elephant Project? “An extremely expensive project with little or no output is called a white elephant project.” Why? | learn more
oh, chicago 🏆
Where did Chicago ‘dibs’ come from, and is it even legal? WBEZ answers questions about the city’s winter tradition of saving street parking spots with folding chairs (and other fun artifacts). | learn more
Chicago’s top 25 most influential leaders. Crain’s published their list for 2019 which is a fun distraction. Their paywall has been quite effective these days, so it might be hard to view without a subscription. | learn more
tech, startups, internet ⚡
Why finance is such a hard industry for startups. Patrick McKenzie, the author of How Discount Brokerages Make Money, has 100 insightful thoughts on financial services. “Geeks underestimate technical sophistication of the financial industry by a scandalous amount, largely because most of it happens below the waterline and not in retail-facing experiences. Finance probably has invested more in software, and earlier, than almost any industry.” | learn more
The hundred year titan. Why are there no direct-to-consumer blockbuster films yet? “Long before the modern DTC era, movie studios did control the product from production to the theater house. This changed in 1948.” The Supreme Court decision that led studios to divest their theaters might change thanks to a Justice Department review. Disney is in the strongest position to benefit. | learn more
better doing 🎯
Why correlation usually ≠ causation. Do you ever read something that points out an obvious intuitive mistake you make repeatedly? Well, here we are… Causal Nets are an interesting explanation of why we see so much correlation in this world. | learn more
Personality types and the Hollywood model of work. “Do you sometimes wish you had a user’s manual for each of your colleagues, so you knew how best to communicate with them, what to say, what not to say, when to fight for an idea, when to back down?” I’ve come across this idea before but haven’t put it into practice personally. Have you? I’d love to hear experiences on this topic. | learn more
to your health ⚕
When is fraudulent billing not fraud? When it happens in healthcare! “Much of what we accept as legal in medical billing would be regarded as fraud in any other sector.” I’m reminded of Shakespeare and roses smelling as sweet by any other name. “So what is the appropriate payment for swag I didn’t ask for, outrageous cover charges, stand-in doctors, drive-by visits and faux surgery?” | learn more
AI-infused sepsis early warning system saves lives. What a remarkable outcome! “The hospital developed the system that gathers data from the EHR, runs it through artificial intelligence, and delivers real-time warnings to clinicians.” | learn more
retail therapy 💸
Let the holiday resales begin. From Deloitte: “With the resale market growing 21x faster than the retail apparel market in the past three years, we wondered if holiday shoppers would be willing to gift a used item. We found that just over a quarter (27 percent) of holiday shoppers plan to gift resale items this holiday season, but mostly to those who are near and dear.” | learn more
The man who makes Amazon logistics happen. “Dave Clark has twin challenges: ensuring packages arrive on time and keeping workers safe.” He’s also the guy who fired FedEx. | learn more
under the microscope 🔬
Researchers at CERN break the speed of light. This isn’t supposed to be possible, per Einstein. Then again, neither is quantum entanglement. “Antonio Ereditato, spokesman for the international group of researchers, said that measurements taken over three years showed neutrinos pumped from CERN near Geneva to Gran Sasso in Italy had arrived 60 nanoseconds quicker than light would have done.” | learn more
thoughts of food 🍔
Why Illinois will rule the meatless future. “From innovations in plant-based protein to soy market dominance, Illinois is poised to feed America’s increasingly vegan diet.” | learn more
on the blockchain ⛓
500 headlines about Bitcoin. Fun to skim through, but not much substance. “Bitcoin has a branding problem. It’s known as a wildly unstable financial asset, doomed fad, brogrammer fantasy, and blah blah blah. So I subjected it to a favorite branding exercise. In the old days, copywriters wrote 100 good headlines to get one great headline. For bitcoin, I wrote 500.” | learn more
calls to action 👇
Love this newsletter and want to give back? Here are some ideas!
1️⃣ Share details about a project or problem you’re working on.
2️⃣ Introduce me to someone entrepreneurial (opt-in only plz).
3️⃣ Share your ideas about one of the newsletter’s topics.
4️⃣ Send me a new link that you find interesting.
5️⃣ Forward the newsletter to a friend who might enjoy it.
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