A couple of years ago, I had a subscriber at one of the big banks, and I decided to tug on his ear to see if he could get his desk signed up for a group subscription to The Daily Dirtnap.
I spent the first 44 years of my life in NE. The culture is conservative to the point of reactionary. The state motto is:"We can't do that, it's never been done before." Then I moved to TX where the state motto is: "You mean we ain't tried it yet?"
Good piece Jared...product adoption and/or artistic "success" is a funny thing. The old cliche, "the pioneers get all of the arrows," is so true. I disagree with your comment on Tesla's FSD (self-driving) cars. Words out on how fantastic this technology is, 1.1 million subscribers and growing.
Jared, Great post, as usual. I read "All the Evel... Really a fascinating read.
I get the point about resistance to change, and couldn't agree more. I developed and patented a set of financial formulas that measure the ROI, Productivity, and Liquidity of a company's human capital investment (spend). Could never productize it due to the resistance you described. Frustrating indeed.
Hey Jared, this piece reminds me of the Buckminster Fuller saying around change. “You never change anything by fighting it; you change things by making them obsolete through superior technology.” Your insights have helped change things
Your writing is perfect for me because my comfort zone is the status quo. You inspire me to actually think differently. I like your investment advice, but I really enjoy your writing that is not necessarily "investment" focused.
As always hit the nail on the head. I think about this happening all the time in science and medicine. Non science people think there is someone working on a crazy angle but the truth is the field moves in longer cycles of ten to fifteen years. Out of the box ideas take a long time to coalesce. As Jobs said: stay hungry, stay foolish.
Clockwork Orange the movie did not do justice to the book. Essentially unintelligible. It is on my movies to never watch again since it first came out. The book, however, lit the fuse.
Regarding the sales of said book, you are correct that people often avoid the new. New information can manifest as well-intentioned advice, reasonable but not actionable.
This is where marketing comes into play. Is the book "a secret they don't want you to know?" Do you collect glowing reviews from readers inside and outside of the world of personal finance (bandwagon)? Is the book a bold attack on "greedy Wall Streeters keeping us poor?" How do you frame the information for maximum impact?
It's true that patience is a virtue and all good things come to those who wait, but I would prefer that you enjoy the fruits of your labor while still alive, and not decades after your death.
Link to good story about how this thinking starts.
I guess I'll have to get your book because I thought "The Millionaire next door made sense." I need to expand my horizons. I'm not too happy with austerity anymore.
P.S. I pre-ordered the book. I went for the audio version. I noticed it's cheaper. It's hard to shake the austerity thing. I'm doing my part to give you a bestseller.
One of your better ones.
Requiem for a Dream - another great twisted movie like Happiness! Early 90s to early 2000s was a great decade for Indy movies.
Ok, apparently I don’t know how to spell. “Indie movies” not movies about race cars - lol.
Maybe that is the magic sauce at Dirtcon, all curious people.
Hi Jared:
Question, I didn't read whether you closed the subscription sale to Wall Street institution?
PS, I pre-ordered your book in print, no question about it based my assessment of your value-add.
I spent the first 44 years of my life in NE. The culture is conservative to the point of reactionary. The state motto is:"We can't do that, it's never been done before." Then I moved to TX where the state motto is: "You mean we ain't tried it yet?"
Good piece Jared...product adoption and/or artistic "success" is a funny thing. The old cliche, "the pioneers get all of the arrows," is so true. I disagree with your comment on Tesla's FSD (self-driving) cars. Words out on how fantastic this technology is, 1.1 million subscribers and growing.
Phish concert 2012. Grass seats. IPA’s forced a nap 2.5 hours in. Tickets were free. But, own a fleece vest. Questioning my life suddenly.
Jared, Great post, as usual. I read "All the Evel... Really a fascinating read.
I get the point about resistance to change, and couldn't agree more. I developed and patented a set of financial formulas that measure the ROI, Productivity, and Liquidity of a company's human capital investment (spend). Could never productize it due to the resistance you described. Frustrating indeed.
Hey Jared, this piece reminds me of the Buckminster Fuller saying around change. “You never change anything by fighting it; you change things by making them obsolete through superior technology.” Your insights have helped change things
Ordered!
Your writing is perfect for me because my comfort zone is the status quo. You inspire me to actually think differently. I like your investment advice, but I really enjoy your writing that is not necessarily "investment" focused.
As always hit the nail on the head. I think about this happening all the time in science and medicine. Non science people think there is someone working on a crazy angle but the truth is the field moves in longer cycles of ten to fifteen years. Out of the box ideas take a long time to coalesce. As Jobs said: stay hungry, stay foolish.
Clockwork Orange the movie did not do justice to the book. Essentially unintelligible. It is on my movies to never watch again since it first came out. The book, however, lit the fuse.
Good luck with yours.
Book pre-ordered.
Regarding the sales of said book, you are correct that people often avoid the new. New information can manifest as well-intentioned advice, reasonable but not actionable.
This is where marketing comes into play. Is the book "a secret they don't want you to know?" Do you collect glowing reviews from readers inside and outside of the world of personal finance (bandwagon)? Is the book a bold attack on "greedy Wall Streeters keeping us poor?" How do you frame the information for maximum impact?
It's true that patience is a virtue and all good things come to those who wait, but I would prefer that you enjoy the fruits of your labor while still alive, and not decades after your death.
Good luck!
"That's the way it's always been done around here."
https://www.fool.com/archive/portfolios/rulebreaker/1999/10/05/five-monkeys.aspx#:~:text=%22Start%20with%20a,company%20policy%20begins....%22)
Link to good story about how this thinking starts.
I guess I'll have to get your book because I thought "The Millionaire next door made sense." I need to expand my horizons. I'm not too happy with austerity anymore.
P.S. I pre-ordered the book. I went for the audio version. I noticed it's cheaper. It's hard to shake the austerity thing. I'm doing my part to give you a bestseller.
Same Awesome Portfolio as in No Worries? Or updated in some way?