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Static vs. dynamic markets
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Feb 12, 2023
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I'm not an economist, but I've noticed there's a fundamental difference between markets where you buy a widely available item, like cookies or clothes or a car, versus markets where the supply is irregular, like buying a house or finding a job (maybe not technically a market, but it follows the same trend). For the former, you can pretty much go to any market at pretty much any time, and you can buy pretty much the same thing. Sure things change a little over time, but it's a fairly static market in that it doesn't really matter when or where you make the purchase. For houses and jobs, the market is more dynamic, where the offerings could be completely different from one day to the next. Plus a buyer can't typically own more than one at a time, so it comes down largely to timing and chance. #money
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College state
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Feb 12, 2023
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That "state" in college sports really makes a difference. Michigan State vs. Ohio is very different from Michigan vs. Ohio State. #sports
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Competent redundancy
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Feb 12, 2023
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At my old job, I wasn't usually the smartest person in the room, but I was often the only person in the room who knew how to do certain things. This wasn't necessarily a bad thing, because it's good to be competent, and it's also good to be valuable. But it often felt like if I wasn't there, my tasks wouldn't get done. It was a single point of failure.
At my new job, it feels the exact opposite. Not only am I not the smartest person in the room, but the room is also filled with a lot more competent people, and there's beneficial redundancy. If one person is incapable or unable to do something, another person can fill in the gap. #business
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