The effective market price is entirely determined by the balance of supply and demand. If you want to achieve excess returns, do not choose an efficient market, as demand can quickly find supply. Inefficient markets have prices but no market; unless you have complete control over the supply and can negotiate freely. The better low-hanging fruits are the insufficient equilibria in efficient markets.
How does enterprise software achieve success? Build amazing products. Leverage virality to grow adoption at low costs. Harvest individual users for enterprise go-to-market. Build an enterprise-grade platform and ecosystem. Keep low-cost customer acquisition and a strong business model.
Without the ability to express oneself at the same skill level, job opportunities can be taken away. The essence of an interview revolves around three questions: Can you do it or not; Do you want to do it or not; Are you a good fit or not. The five discussion points in an interview are: Adversity; Influence; Technical proficiency; Fit; Achievements. How to prepare for these five discussion points: Engage with more people, accumulate experiences, learn more technical skills, and be good at research.
Cognitive bias codex refers to procedures of the brain such as what should be remembered from memories. For things without enough information, brains imagine things to fill in characteristics. When there is too much information, we are drawn to notice something has changed.
There are two golden rules for web app delivery optimization. One is to minimize latency and the other is to minimize payload. We also have some advice for applying protocol-specific optimizations.
In the economic growth curve, productivity rises steadily, and moderate "credit" helps improve productivity. Under the control of the central bank, the short-term debt cycle generally lasts 5-8 years, but when people borrow without repaying, it leads to long-term debt accelerating beyond income, forming a long-term debt cycle. When the debt burden becomes too heavy and reaches the peak of long-term debt, the economy enters a deleveraging period.
To keep up with the times, we need to cultivate our own good habits and effective "systems." Good habits lead to skills; while skills can be replicated, a good "system" is hard to develop. How can we cultivate a good system? By building a worldview that serves the people; utilizing various effective methodologies; and creating our own reuse and positive feedback systems.
Architecture is the shape of the software system. It helps us to focus more on the structure of the system than on its features and functions. The ultimate goal of architecture is to save human resources costs per feature.
How to get lucky? Participate in new activities and experience new things; trust your intuition and interests; be optimistic, when playing soccer, take a few more shots, and you'll eventually score; be good at finding the silver lining in bad situations. The essence of good luck is creating opportunities, discovering opportunities, and having the courage to act.
Debounce groups a sudden burst of events into a single one; throttle guarantees a constant flow of executions every X milliseconds; requestAnimationFrame is a throttle alternative. They are web techniques to optimize UI events handling and make transitions smoother.
The spotlight effect: People only see what they see and want to see, making it hard to step outside of their own perspective. Therefore, it's important to frequently ask oneself, "Why do I think this way?" There are four major challenges in the decision-making process, along with the following solutions: broaden options; test assumptions with facts; view decisions from a distance; prepare for mistakes.
To make predictions, one needs to deeply understand the past and present, see beyond the surface to grasp the essence, and thus be able to extrapolate into the future. Unfortunately, most people can only see the present. There are two ways to gain a strategic high ground that is easy to defend and hard to attack: independent innovation and riding the wave of change. Common trends include skyrocketing fixed costs, deregulation, prediction biases, incumbent effects, and attractor states.