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Pavel Savelyev
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Willpower Is Overestimated
Willpower Is Overestimated

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The average sale across both stores is a modest $6.35. Cymrot said the stores combined sell about 3,500 books a month; 1,000 in D.C. and the rest in Fredericksburg. Online is about half of overall sales.

Riverby is all used books. The business model is to pay around 25 percent of the price at which the book will sell. Most paperbacks are bought for around a buck and sell for around $5. Hardcovers sell for around $10.

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"Ten years ago, Etsy was a marketplace where craftspeople and artisans sold their wares," said Gil Luria, director of research at the investment firm D.A. Davidson. "But before they went public a few years ago they changed direction, and tried to be everything to everybody in e-commerce."

Luria says the biggest change in the run up to Etsy's 2015 IPO — the company removed its requirement that all goods sold on the platform had to be handmade. This gave big manufacturers access to Etsy's loyal customer base.

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Why is mindfulness essential? First, achievement without appreciation is a Pyrrhic victory, and mindfulness helps cultivate appreciation. Put another way, if you can’t be happy with what you have, you’ll never be made happy by what you get. Second and related, after just a week of mindfulness practice, you will complain less, react less, and more effectively fill your life with what’s important and valuable to you.
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I heard a quote the other day on TED Radio Hour by David Brooks (politics and your feelings about him aside) which struck me: “The central lie of American life is that success leads to happiness. And that’s just not true.” For so long, I couldn’t understand why I wasn’t happy, even though I was winning. Even though I was at the top of the sport. In fact, the more success I had, the more miserable I became.
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That number is typically arrived at with no calculation of what their ideal lifestyle actually costs and the question I like to pose is if you had 20 million dollars, 50 million, 100 million in the bank, after the first month or two of going crazy of buying all the toys and doing all the ridiculous girls gone wild stuff, what would you actually spend your time on a daily basis, monthly, weekly, and what would you like to do and what would you like to have? And then you can sit down and cost those things out and for most people it very seldom costs more than, let’s say, 150,000 dollars a year.

“Tim Ferriss: Metahacker” @avisolo https://medium.com/@avisolo/tim-ferriss-metahacker-c1eb92084c7d
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He’ll need to diversify his product line soon to avoid the fate of other hardware startups like fellow Kickstarter darling Pebble, which shut down in December, and drone maker 3D Robotics, which crashed after burning through $100 million in funding. Even public companies like Fitbit (trading down 86% from its peak) and GoPro (down 90%) have struggled. “On one hand, it’s easier than ever to build a hardware product,” says Jan Dawson, analyst at Jackdaw Research. “But in some ways it’s harder than ever to be competitive and build a sustainable business.”
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keep debt low and relationships uncomplicated
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On choosing an industry to work in after graduating Harvard Business School: “I would only work in an up-and coming industry. (This, by the way, is something that still amazes me about so many of my classmates. These people could analyze anything, yet most of them followed the herd into mature industries whose greatest days were behind them. Why didn’t they take half an hour to analyze where the real action, the real growth, would be?”
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Common themes among the companies Amazon has brought into its inner circle: startups that adopted the retailer's technology early on; that help put it in direct orbit of Apple, Google, and Netflix; or that vault it into a new geography or category, as it's doing with its more recent Alexa Fund, which is funneling $100 million into artificial intelligence startups. While Amazon has had its share of winning bets like Zappos and Evi, if you ever get the chance to pitch Bezos, you might not want to remind him of LivingSocial
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Unsure of the direction the script would take, Anderson began writing The Master as a collection of disparate scenes rather than one coherent outline.[9] He combined unused scenes from early drafts of There Will Be Blood, the life stories of John Steinbeck and L. Ron Hubbard, and stories Jason Robards had told him on the set of Magnolia about his drinking days in the navy during the war (including the draining of ethanol from a torpedo).[9] Anderson conducted research about Dianetics and its early followers.[10] While writing, Anderson consulted Hoffman's feedback on the script, and Hoffman suggested that the film focus more on Freddie's story than Lancaster's.
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