Jayson Coomer retweeted
The most useful razors and rules I've found:
1. Bragging Razor - If someone brags about their success or happiness, assume it’s half what they claim
If someone downplays their success or happiness, assume it’s double what they claim
2. High Agency Razor - If unsure who to work with, pick the person that has the best chances of breaking you out of a 3rd world prison.
3. The Early-Late Razor - If it's a talking point on Reddit, you might be early. If it's a talking point on LinkedIn, you're definitely late.
4. Luck Razor - If stuck with 2 equal options, pick the one that feels like it will produce the most luck later down the line.
I used this razor to go for drinks with a stranger rather than watch Netflix. In hindsight, it was the highest ROI decision I've ever made.
5. Buffett's Law - "The value of every business is 100% subject to government interest rates" - Warren Buffett
6. The 6-Figure Razor - If someone brags about "6 figures" -- assume it's closer to $100K than $900K.
7. Parent Rule - Break down the investments your parents made in you: Time, Love, Energy, and Money.
If they are still alive, aim to hit a positive ROI (or at least break even.)
8. Instagram Razor - When you see a photo of an influencer looking attractive on Instagram -- assume there are 99 worse variations of that photo you haven't seen.
They just picked the best one.
9. Narcissism Razor - If worried about people's opinions, remember they are too busy worrying about other people's opinions of them. 99% of the time you're an extra in someone else's movie
10. Everyday Razor - If you go from doing a task weekly to daily, you achieve 7 years of output in 1 year. If you apply a 1% compound interest each time, you achieve 54 years of output in 1 year.
11. Bezos Razor - If unsure what action to pick, let your 90-year-old self on death bed choose it.
12. Creativity Razor - If struggling to think creatively about a subject, transform it:
• Turn a thought into a written idea.
• A written idea into a drawing.
• A drawing into an equation.
• An equation into a conversation.
In the process of transforming it, you begin to spot new creative connections.
13. The Roman Empire Rule - Historians now recognize the Roman Empire fell in 476 - but it wasn't acknowledged by Roman society until many generations later.
If you wait for the media to inform you, you'll either be wrong or too late.
14. Physics Razor - If it doesn't deny the law of physics, then assume it's possible. Do not confuse society's current lack of knowledge -- with this knowledge being impossible to attain.
E.g. The smartphone seems impossible to someone from the 1800s -- but it was possible, they just had a lack of knowledge.
15. Skinner's Law - If procrastinating, you have 2 ways to solve it:
• Make the pain of inaction > Pain of action
• Make the pleasure of action > Pleasure of inaction
16. Network Razor - If you have 2 quality people that would benefit from an intro to one another, always do it.
Networks don't divide as you share them, they multiply.
17. Gell-Mann Razor - Assume every media article contains a % of false information.
Sandbox the article from your worldview until you've:
• Seen primary sources
• Spoken to 3 domain experts
18. Taleb's Surgeon - If presented with two equal candidates for a role, pick the one with the least amount of charisma.
The uncharismatic one has got there despite their lack of charisma. The charismatic one has got there with the aid of their charisma.
Jayson Coomer retweeted
No banks do, it’s called fractional reserve banking.
SA banks are however far better capitalised than many global banks and have robust tier one capital ratios.
Don’t worry too much about an SVB type scenario playing out here, our reserve requirements are far better. – at Cape Town, South Africa
𝗧𝗵𝗶𝘀 𝗶𝘀 𝘂𝗻𝗯𝗲𝗹𝗶𝗲𝘃𝗮𝗯𝗹𝗲, 𝗦𝗼𝘂𝘁𝗵 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗯𝗮𝗻𝗸𝘀 𝗱𝗼𝗻’𝘁 𝗵𝗮𝘃𝗲 𝗲𝗻𝗼𝘂𝗴𝗵 𝗰𝗮𝘀𝗵 𝗼𝗻 𝗵𝗮𝗻𝗱 𝘁𝗼 𝗺𝗲𝗲𝘁 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹𝘀
( FY22 )
💸FNB = 𝗥𝟮𝟭𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻
💸 Standard Bank = 𝗥𝟮𝟭𝟮 𝗯𝗶𝗹𝗹𝗶𝗼𝗻
💸 ABSA = 𝗥𝟲𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻
💸 Nedbank = 𝗥𝟰𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻
💸 Capitec = 𝗥𝟯𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻
*𝗕𝗮𝗻𝗸 𝗿𝘂𝗻𝘀 𝗵𝗮𝗽𝗽𝗲𝗻 𝘄𝗵𝗲𝗻 𝗱𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹𝘀 𝗲𝘅𝗰𝗲𝗲𝗱 𝘁𝗵𝗲 𝗰𝗮𝘀𝗵 𝗼𝗻 𝗵𝗮𝗻𝗱. People rush to get their money out and the bank can’t keep up - causing a financial crisis.
𝗧𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝗿 𝗮𝗻𝗱 𝘄𝗲𝗹𝗹-𝗰𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘇𝗲𝗱 𝗯𝗮𝗻𝗸𝘀 𝘀𝘂𝗰𝗵 𝗮𝘀 𝗙𝗡𝗕 𝗮𝗻𝗱 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗕𝗮𝗻𝗸 would be able to lend money to their regional peers if one of the other banks were short of cash to meet demands.
𝗬𝗲𝘀, 𝗯𝗮𝗻𝗸𝘀 𝗯𝗼𝗿𝗿𝗼𝘄 𝗳𝗿𝗼𝗺 𝗲𝗮𝗰𝗵 𝗼𝘁𝗵𝗲𝗿 𝘁𝗼𝗼.
They can borrow from you or they can borrow from their peers, 𝘁𝗵𝗲 𝗳𝗼𝗿𝗺𝗲𝗿 𝗶𝘀 𝗸𝗻𝗼𝘄𝗻 𝗮𝘀 𝘁𝗵𝗲 𝗱𝗲𝗽𝗼𝘀𝗶𝘁 𝗿𝗮𝘁𝗲 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗹𝗮𝘁𝘁𝗲𝗿 𝗶𝘀 𝘁𝗵𝗲 𝗶𝗻𝘁𝗲𝗿𝗯𝗮𝗻𝗸 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 𝗿𝗮𝘁𝗲.
Deposit Rate = 6.74% (May 23)
Interbank Rate = 8.40% (Aug 23)
𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝗱𝗼 𝘆𝗼𝘂 𝗯𝗼𝗿𝗿𝗼𝘄 𝗮𝘁 𝗮𝗴𝗮𝗶𝗻??
Yes, you heard correctly.
Banks get to create money, charge you interest from the money they create, then also help each other out at better rates when all of you decide you’ve had enough.
That’s todays post, retweet and follow me @talkcentss for more.
Jayson Coomer retweeted
What's tougher?
a) CEO of a 50,000-employee company or
b) CEO of a company from 0 to 10,000 employees?
Both are demanding jobs, but the answer is (b).
The CEO of a company from nothing to 10,000 people is the most complex professional challenge possible.
--
CEOs who take their company from founding to 10,000+ employees are rare.
But that doesn't explain why people like me are in awe of those that do it.
Why?
--
The CEO's job changes radically as the company grows.
The job will be 7 or 8 different jobs over that period.
Many stages require precisely the opposite mindset and skills of the previous step.
--
Let's look at who the CEO manages at each stage of growth:
0 employees: As a founding CEO, you are a player. An individual contributor (IC) usually builds stuff.
10ish employees: As the company grows (10 people), you do more managing. You’re doing IC work and managing people. So, a player-coach.
50ish employees: The company grows again (let’s say to 40-50 people). Your CEO job changes again to manage only middle managers.
150ish employees: To grow again up to 150+, your CEO job changes to team building and culture and strategy. You’re leading VPs who manage middle managers. It's about vision and leadership now.
500ish employees: Again, at 500+, the company reaches a ceiling where suddenly SVPs/GMs get involved. Now there are four layers of reports. You need to elevate again to survive.
As each layer of management gets added, your job shifts upwards and changes again and again.
—
So far, I’ve explained this by discussing who the CEO manages.
But other things impact the CEO's job drastically, too:
• From one product to multiple.
• From managing generalists early on to specialists.
• Investors from founder-led to institutional.
• Culture changes from entrepreneurial to corporate.
• Company goes from a nimble go-kart to a supertanker that takes years to alter course.
And much more.
—
It takes incredible self-awareness, capacity to change, and ability to produce to make those changes.
All while the company grows rapidly.
I know -- I failed as a CEO several times to get to the 50-ish employee level.
--
And that is why people speak in reverence to people who went from tiny to huge as CEO.
It requires a unicorn of a person to pull it off.
I stand in awe.
Jayson Coomer retweeted
It is a story that all of us must care about because we want to be one people united by the same values and sharing a dream of the South Africa, we all deserve.
@SongezoZibi- National Leader
#RiseMzansi
#2024isour1994
Jayson Coomer retweeted
#BTC isn't fungible, isn't private, and doesn't scale. It can never become p2p cash for the world. It might become the government surveillance coin for the world.
Jayson Coomer retweeted
Crypto currency prices down over 50 percent. Not a single Tether redemption to fiat.
Jayson Coomer retweeted
Decision Desk HQ projects that @JoeBiden has won Pennsylvania and its 20 electoral college votes for a total of 273.
Joe Biden has been elected the 46th President of the United States of America.
Race called at 11-06 08:50 AM EST
All Results: results.decisiondeskhq.com/2…
Jayson Coomer retweeted
“I’m good at computers, which means I must understand finance, whereas finance guys don’t understand computers. Hence, I’ll make a fortune in cryptos, while they’ll be out of a job.”
*Loses everything in an obvious Ponzi scheme*
“The banker lizard people control everything!”
Jayson Coomer retweeted
It's interesting to see what counts as "solid results" in crypto theblockcrypto.com/2019/01/2…
Jayson Coomer retweeted
Pelosi, asked how Trump will handle backdown on reopening government without wall money, gestures toward her office decorations: “we could plant these flowers along the border and he’d say, ‘I got my wall.’ “
Jayson Coomer retweeted
“A glimpse into the dark underbelly of cryptocurrency markets” by @nic_carter medium.com/@nic__carter/a-gl…
Jayson Coomer retweeted
The problem with socialists is not their dislike of capitalism, but their failure to understand how capitalist (or any bottom up systems) actually work: dailymaverick.co.za/opinioni…
Jayson Coomer retweeted
Bitcoin is consuming the same level of electricity as Austria, a country that generates ~$415 billion per year in economic activity, says @ofnumbers, but it handled just $70 million in payments in June.
That's an expensive gambling machine. ofnumbers.com/2018/08/26/how…
Jayson Coomer retweeted
Plenty careless talk on Nelson Chamisa's TL about taking up arms, the gun and fighting. Time for Chamisa to show statesmanship by stopping this claptrap. It is time for him to call for discipline instead of his current abdication..Time for exemplary leadership from the front.
Jayson Coomer retweeted
Therefore the application is dismissed with costs. Emmerson Dambudzo Mnangagwa is duly elected President of Zimbabwe says Chief Justice Malaba #ConCourtDecides
#AsanteSana
Jayson Coomer retweeted
#ZimConCourt CJ Malaba: if the applicant had placed before the court all v11 forms ... it would easily have debunked allegations of over-voting.
@eNCA


























