Banks prefer bad debt, why is that?
First some definitions: Bad debt is debt that was incurred for a liability, for example, buying cars, throwing a party, buying a boat, going on a trip. Good debt is debt that is used to buy a producing asset. Debt used to start a business that is producing profit, buy a property that produces rent,…
Book Review: Small Giants by Bo Burlingham
I’m glad I read the 10th Anniversary Edition of the book because I think the extra chapters or modifications make for a much different book. Throughout the book, as he was describing what the small giants do to be giants, without disparaging what they do, I was thinking: “that only works if your profit margins…
Book Review: The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War by Robert J. Gordon
I read it as an audiobook and it doesn’t make a good one. It’s full of figures, numbers, charts, diagrams, etc which get lost in the audio version. This might cause a bias on my review. The book feels thoroughly researched. I caught a couple of small errors but most time when I thought “What…
Book Review: Shoe Dog: A Memoir by the Creator of NIKE by Phil Knight
I always saw Nike as this faceless, soulless multinational corporation. I never thought it’s origin was not dissimilar to Apple’s: they were rebels. They fought tooth and nail against incredibly bad odds and prevailed. This book eradicated my dislike for this company. ★★★☆☆ Buy Shoe Dog: A Memoir by the Creator of NIKE in USA…
Book Review: Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine by Mike Michalowicz
Definitely interesting and a recommended read for any small business owner. I listened to the audio-book and it was compelling enough that I bought the hard-cover to give it a second read and look at the charts and tables. Profit first is essentially taking the profit out of revenue before your company eats it away.…
Book Review: Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012 by Carol J. Loomis
It was OK. Because it’s a series of articles and not a real biography, there’s no cohesion. I think the biggest problem with this book is how boring the subject matter is. Warren Buffet is obviously smart and a book trying to figure out how he does what he does could be interesting, but otherwise,…
An idea for a cinema company
I doubt any cinemas are going to implement this, because like airlines and banks, they seem to be very bad at making software. Nothing surprising there. A few months ago I was searching for a room in London. There are about 4 big sites to do that, so I posted ads on all of them,…
What is a "startup project"?
I’m (hopefully) creating a term: “startup project”. A startup project is a project done on the side, not setting up a company, with or without partners, with the intention of one day becoming a startup. I don’t have a startup, but I have many startup projects. Many silly little ideas with great aspirations. I need…
Idea: selling beauty products for males online
The beauty industry is made by women, for women. They learn everything very young and for most of them, it’s just natural. For most males it’s intimidating and confusing. I had a very hilarious episode when I asked for “a beauty product” and my wife was tanding next to me and even though I was…
My idea got validated
Some time ago I had an idea for a web application. That idea was essentially Gist. I couldn’t convince people to go after it, thankfully because I wouldn’t like to compete with a Brad Feld backed company. It’s nice to see that the idea was good, as Gist got bought by RIM. Congratulations Gist!