Conversation

If your work makes you study companies and business models you build a deep pattern library to cross-reference a new idea against, adjusting for differences. I totally lack this and it's a cool thing to have. Next best thing would be to lean on your friends who have it I guess
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You can read and listen to pods to learn it maybe. You can even pick up some jargon that compresses some of the patterns (ie "melting ice cube"). But I wonder how far you can get without immersion of investing in companies.
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When I hang out with friends (local dads) and shop talk comes up I'm always the one slowing it down "hold on what does that mean". A lot of it very credit/PE-sounding stuff, with more references to legal sounding stuff than I'm used to.
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Trading feels super niche onna crappy way, and when I hear about all the fancy biz stuff it inspires me to want to learn it bc it feels like it's more revealing about how real stuff works. But then there's always the feeling of "these guys been doing their thing for 20 years"....
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I can't imagine someone looking at my past 20 years and thinking "yea I want to brush up on that". Without a committment to diving in, there's a feeling of I'll never get to know that stuff and it seems important to know.
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Anyway, just sharing some thoughts that come to me as i listen to others and I'm aware how little I know. Following twitter/reading etc feels like I'm trying to do 80/20 but it's prolly just 20/80. Trading is a weird career but there's not a lot of transferrable skills for a
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job that's very hard. The thing that's transferrable is it should pay enough to give some time and space which is fungible with skill-acquisition so you can get a foot into other endeavors. Again just thinking aloud as I navigate this "space".
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Replying to
Trading deals with the second derivative of business model as a function of time Investing deals with the first derivative Consulting deals with the function itself Building/working in means the function is “water” for you and you can’t see it “integrate” what you know 😎
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Replying to and
Each integration adds a constant, and dampens the noise of the environment a bit making the understanding more “insider” The “constant” is a type of pattern knowledge Investing - Trading = “constants” of leadership theory Consulting - Investing = “constants” of org theory
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Replying to and
You already “know” the more interior views, just in unintegrated (calculus sense) form. The signals you’ve been trained on have almost all the info content. The constants of integration just reframe what you know in interior coordinate frames.