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Showing posts from January, 2021

System is ignoring key variable in the equation

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Though it looks like an error message, read it carefully, very interesting thought. "System is ignoring key variable in the equation". This is from the movie WIRED , a Canadian film about laying faster cables between NYC and Kansas City to make Wall street transactions few milliseconds fast. In that movie, one of the character explains about the Wall street system and its variables.  The lemon farmer grows lemons in his farm. He sells it to distributor, then distributor sells to retail stores or manufacturing industry. Then Wal-street bets on companies dealing with this trade. So if you see companies bets on companies and no body cares about the farmer not listed on share market. That is the key variable missing in the system.  Who built this system ? humans like you and me. how did they ignore critical variable in this equation ? We all know all the variables in the equation are not having same value. Value proposition for different variable is dependent on so many factors.

Quotes from book "Never split the difference"

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Whenever I finish a book within two weeks thats really a good book. "Never Split the difference - Chriss Voss" is such a great book. It gives great perspective into handling difficult situations.  Here are some quotes from that book, I really enjoyed reading this book. Always ask open ended questions  Separate person and emotion from the problem. Don't get wrapped up on other side position.  What they are asking vs why they are asking. Work cooperatively to generate win win option. Establish mutually agreed measures Humans have two brains, the first one influences the second. To make an omelette you have to break egg, first brain is the egg. Animal mind: fast, instinctive, emotional Rational brain: slow, deliberate and logical. BATNA: Best Alternative To Negotiated Agreement. Listening is the best negotiation. Human psychology has two aspects, presenting behavior and underlying motivation. There are 3 kinds of "yes", counterfeit,  confirmation,  commitment. If y