In 'Essentialism: The Disciplined Pursuit of Less,' Greg McKeown argues that by applying a more selective criteria for what is essential, individuals can regain control of their time and energy. The book is divided into sections such as Explore, Eliminate, and Execute, providing practical advice on distinguishing the vital few from the trivial many and eliminating non-essential activities. McKeown emphasizes the importance of clarity of focus, the ability to say 'no,' and living 'by design, not by default.' This approach helps readers achieve more by doing less and making the highest possible contribution in their personal and professional lives.
In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions. The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes. Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation. He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge[2][3][4].
Acquired co-hosts Ben and David are BACK to discuss the state of the VC market and YC shutting down its Continuity Fund (6:20) before diving into industries that benefitted from ZIRP (26:35). They also break down which social apps they want to own and why (45:29). Then, Ben and Jason wrap up the show by discussing the future of Amazon and Starfish Space, a new space startup (1:11:48)
(0:00) Nick tees up today’s topics
(1:36) David’s time at Stanford
(6:20) Ben’s private market snapshot
(8:49) Microsoft for Startups Founders Hub - Apply in 5 minutes for six figures in discounts at http://aka.ms/thisweekinstartups
(10:19) David’s private market snapshot
(16:19) Reacting to YC closing down its Continuity Fund
(25:35) QuickNode - Go to http://quicknode.com/ and use the code TWIST for a free month on their feature-packed Build Plan
(26:35) Industries that benefitted from ZIRP
(35:08) House of Macadamias - Get 20% off at https://houseofmacadamias.com/twist by using code TWIST20
(36:36) How compelling is AI?
(45:29) Owning either Instagram, Linked In, or YouTube
(48:15) Rational and Wildcard: Who is likely to acquire TikTok?
(53:44) Twitter product development
(1:00:51) Reclaiming lost time
(1:11:48) The future of Amazon
(1:19:57) Apple to spend $1B on producing theatrical releases + Project Titan
(1:25:21) SOTD: Keeping satellites on course with Starfish Space
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