Key Points – Page 1180 – The essence of internet

Agenda to start lasting conversations:

Individual performance problems are far easier to address if you’ve established a norm of excellence by:

Connecting your team with the impact of what they are creating and why it matters
- Eat your own dog food, too
Specifying measurable goal and performance indicators (numbers) instead of vague concepts
Building a culture of peer accountability — hold them accountable for not holding others accountable
Reminding your team again and again of your commitment to high performance
- Lead by example and master crucial situations

Reasons not to quit and create a startup:

Finance principles:

What to do instead of quitting:

The process:

When it comes to teaching programming:

Today:

Google: 88% market share in search advertising
Facebook (+ Instagram, WhatsApp, Messenger): 77% of mobile social traffic
Amazon: 74% e-book market
Revenues of other media businesses (newspapers, music) are down by 70% since 2001
it has become increasingly advantageous to be an incumbent, and less advantageous to be a new entrant

History:

AT&T (= Bell System) had its rates regulated, and was required to spend a fixed percentage of its profits on research and development
AT&T set up Bell Labs which developed all the basics of the digital age: transistor, microchip, solar cell, microwave, laser, cellular telephony (+ along with eight Nobel Prizes)

Possible next steps:

Monopolies should not be allowed to acquire other major firms
Regulate monopolies as public utility = requiring it to license out patents for its key innovations
Remove the “safe harbor” clause in the 1998 Digital Millennium Copyright Act = have them pay for content and hold them accountable for it

Studies of academic performance yield frustrating, inconsistent results.
Stanford University studied how did being among the oldest kids or the youngest kids in the class affect things like mental health, discipline, and self-control in Denmark — for some reason.
Dramatically higher levels of self-control: “We found that delaying kindergarten for one year reduced inattention and hyperactivity by 73 percent for an average child at age 11,” Thomas Dee, one of the co-authors, said. “And it virtually eliminated the probability that an average child at that age would have an ‘abnormal,’ or higher-than-normal rating for the inattentive-hyperactive behavioral measure.”
Similar to the findings in Malcolm Gladwell’s Outliers.
Send your kid to a decent pre-kindergarten instead.

Happiness: Stay away from people who erode your quality of life.
Productivity: No more phone, tablet, or computer in bed.
Gratitude: Appreciate the here and now.
Optimism: Realize that things aren’t always as you perceive them to be.(Nobody is perfect, others included!)
Improve: Get started, even though you might fail. (Get into the habit of doing.)
Time: Get organized.
Motivation: Start a collection of the things that truly resonate with you.
Purpose: Do something that reminds you who you are.
Choice: Say no.
Gratification: Stick to realistic goals.