Quotes- Three ways to add value

If I have to lose all the blogs that I follow, read, and just choose one, it will be Seth Godin’s blog.

It’s concise and the most consistent outside thing in my life.  I admire the consistency of the posts.

Here are few quotes or highlighted texts collected over last year.

  • The key question to ask in the meeting is: Are we increasing value or lowering costs? -SG
  • Technology destroys the perfect and then it enables the impossible –SG
  • A small thing, repeated, is not a small thing. –SG
  • Science is not something to believe or not believe. It is something to do. –SG
  • Nurturing and investing in the things we need and count on needs to be higher on the agenda. –SG
  • One clue that someone does not understand a problem is that they need a large number of variables and factors to explain it. –SG
  • Everyone has feelings and opinions, but the future ignores them. -SG
  • Bad decisions happen for one of two reasons: A. you’re in a huge hurry and you can’t process all the incoming properly. But more common… B. The repercussions of your decision won’t happen for months or years. -SG
  • The goal isn’t to clear the table, the goal is to set the table. –SG
  • 3 ways to add value: Tasks, decisions, and initiation… Doing, choosing, and starting… Each of the three adds value, but one is more prized than the others. -SG
  • We always have a choice, but often, it’s a good idea to act as if we don’t. -SG
  • Writing a sentence is easy. Deciding what to write in the next sentence is hard. -SG
  • The local requires less commitment, feels less risky, doesn’t demand a point of view. The express, on the other hand, always looks like a better idea after you’ve embraced it and gotten to where you meant to go. Express or local? -SG
  • There are people who can cut corners better than you, work more hours than you and certainly work cheaper than you. But what would happen if you became the person who was smarter, better at solving problems and cared the most? -SG
  • The simplest antidote to a tough day is generosity. Waves are free, and smiles are an irresistible bonus. -SG
  • New days require new decisions. –SG
  • The thing about responsibility is that it’s most effectively taken, not given. –SG
  • …When in doubt, do the generous thing. It usually works out the best. -SG
  • When leading a team, it’s tempting to slow things down for the people near the back of the pack. It doesn’t matter, though. They’ll just slow down more. They like it back there. In fact, if your goal is to get the tribe somewhere, it pays to speed up, not slow down. They’ll catch up -SG
  • We notice what we care about and work hard to ignore the rest. You can change what you care about by changing what you notice –SG
  • If you’re the kind of person that needs a crisis to move forward, feel free to invent one. Take the good ideas that aren’t going anywhere and delete them, give them away, hand them off to your team. -SG
  • When we can see these glitches as clowns, as temporary glitches that are unrelated to the cosmic harmony of the universe or even the next thing that’s going to happen to us, they’re easier to compartmentalize. -SG
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5 Book Recommendations for the summer.

From the books, I have read so far, here are the five I think should be worth a read.

From how your vegetarian friend is changing the world, to getting to know Mendel. From X chromosomes to placing bets, the recommended books have lot to offer.

All of them are enjoyable read. Books should be able to take you to a different place and time and these books all deliver on that.

  1. The X in Sex: How the X Chromosome Controls Our Lives by David Bainbridge
  2. Adopt by Tim Hartford
  3. The Gene An Intimate History by Siddhartha Mukherjee
  4. Skin in the Game – The Hidden Asymmetries in Daily Life by Nassim Taleb
  5. Thinking in Bets – Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke

All links point to good reads, if you want to know more.

Books in 2017

In 2016, I read close to 75 books. In 2017, the goal was to read half that much and I managed to do more.  Thanks to the 3 mile daily commute to office.  Don’t  know about the waistline, but brain really did get some exercise during those walks. I love these walks. This is one thing will miss the most when I get back.

Here’s the list of books. More latter

  • A field guide to lies by Daniel J Levinit
  • Messy by Tim Harford
  • Proof-The science of Booze by Adam Rogers
  • Everything Is Bullshit: The greatest scams on Earth revealed by Priceonomics
  • Grit by Angela Duckworth
  • Made in America by Sam Walton
  • The little book of common sense investing By John C Boggle
  • Why Nations Fail by Daron Acemoglu
  • The Magic of Reality by Richard Dawkins
  • A Mind For Numbers by Barbara Oakley
  • Your inner fish by Neil Shubin
  • The theory that would not die by Sharon Bertsch Mcgrayne
  • Pre suation by Robert Chaildini
  • Genghis Khan and the Making of the Modern World by Jack Weatherford
  • The dance of the possible by Scot Berkun
  • Margin of safety by Seth Klarman
  • Unweaving the rainbow by Richard Dawkins
  • The Wisest One in the Room by Thomas Gilovich and Lee Ross
  • Glow Kids by Nicholas Kardaras
  • The Agile Gene by Mat Ridley
  • The Master Algorithm by Pedro Domingos
  • Think Simple by Ken Segall
  • Mindwise By Nicholas Epley
  • Think, act and invest like Warren buffet by Larry Swedroe
  • Ignorance by Stuart Firestein
  • The world is flat by Thomad Friedman
  • How we got to now by Steven Johnson
  • The Little Book of String Theory by Steven Scott Gubser
  • A million years in a day by Greg Jenner
  • Superforecastors by Philip E Tetlock
  • Infinitesimal by Amir Alexander
  • Brain briefs by Mat Markman
  • Wining the brain game by Mathew E May
  • Algorithms to Live By: The Computer Science of Human Decisions by Brian Christian
  • Fooled by Randomness by Nassim Nicholas Taleb
  • Everybody Lies by Seth Stephens-Davidowitz
  • Attention Merchants by  Tim su
  • The undoing project by Michael Lewis
  • Super crunchers by Ian Ayres [A]
  • Idiot brain by Dean Burnet
  • Guns, Germs, and Steel by Jared Diamond
  • Sex at dawn by Christopher Ryan
  • The checklist manifesto by Atul Gawande
  • Every data by John H. Johnson, and Mike Gluck
  • How the Zebra Got Its Stripes by Leo Grasset
  • The man who knew infinity by Robert Kanigel
  • Vertical by Stephen Graham
  • Everything bad is good for you by Steven Johnson
  • The Martian by Andy Weir
  • Money machine by Gary Smith
  • The most human human by Brain Christian
  • Predictably irrational by Dan Airely
  • Wonderland by Stephen Johnson
  • A fortunate universe by Geraint Lewis
  • Damned lies and statistics by Joel Best
  • Origin by Dan Brown
  • Payoff: The Hidden Logic That Shapes Our Motivations by Dan Ariely
  • Emergence by Stephen Johnson
  • Unlucky 13 by James Patterson
  • 50 things that shaped the modern economy by Tim Hartford
  • Teaching Kids to Think by Darlene Sweetland
  • Tao of Charlie by David Clark
  • Money the unauthorised biography by Felix Martin
  • Barking at the wrong tree by Eric Barker
  • A History of the World in Sixteen Ship wreck – Stewart Gordon
  • The power of moments by Dan and Chip Heath
  • The stone rose by Jacqueline Rayner [P]

Books in 2016

Book reading wise, 2016 was great. Learning new things, it was fantastic. Everything else, it was so so.

Here’s the word cloud of the book names. Looks like a brain. Really nice!

Here’s the full list of the books. A mix bunch of books but unfortunately not many on investing that I would have liked to see.

Data a love story

Amy Webb

59 seconds think a little, change a lot

Richard Wiseman

The Reluctant Mr Darwin

David Quammen

Darwin among machines

George Dyson

Math Geek: From Klein Bottles to chaos theory

Rosen, Raphael 

Letters from a Father to His Son Entering College

Charles Franklin Thwing

   
   

Guns, germs and Steel

Jared Diamond

Give and Take

Adam Grant

Packing for Mars

Mary Roach

The ISIS  apocalypse

Willam McCants

Respecting truth

Lee McIntyre

Why sex is fun

Jared Diamond 

Deep work

Cal Newport 

When to Rob a Bank

Steven D. Levitt

   
   

Curious

Ian Leslie

The Making of the Fittest

Sean B. Carroll

Eating Animals

Jonathan Safran Foer

The Innovator’s Dilemma

Clayton M. Christensen

Value Investing: A Value Investor’s Journey Through The Unknown

Neely, J. Lukas

The Tell-Tale Brain

Ramachandran, V. S.

Black Box Thinking

Matthew Syed

Where Good Ideas Come From

Steven Johnson

   

The Idea Factory: Bell Labs and the Great Age of American Innovation

Gertner, Jon

The Wisest One in the Room

Thomas Gilovich and Lee Ross

Smarter Faster Better

Duhigg, Charles

I Invented the Modern Age: The Rise of Henry Ford

Richard Snow

Pebbles of Perception

Laurence Endersen

The black swan

Nicolas N Taleb

The human advantage

Suzana Herculano-Houze

Concorde

Jonathan Glancey

Food Rules

Michael Pollan

   

Made to Stick

Chip Heath

A Survival Guide to the Misinformation Age: Scientific Habits of Mind

David J. Helfand

Peak: Secrets from the New Science of Expertise

Anders Ericsson

The Everything Store: Jeff Bezos and the Age of Amazon

Stone, Brad

Brain Bugs

Dean Buonomano

The 5 Mistakes Every Investor Makes and How to Avoid Them

Peter Mallouk

Fooled by Randomness

Nassim Nicholas Taleb

A Little History of Science

William Bynum

   
   

Traffic: Why We Drive the Way We Do (And What It Says About Us)

Tom Vanderbilt

Bounce

Matthew Syed

The Halo effect

Phil Rosenzweig

Methods of Persuasion

Kolenda, Nick

Warren Buffett’s Ground Rules

Jeremy C. Miller

I Don’t

Susan Squire

   
   

Ego Is the Enemy

Ryan Holiday

How to teach quantum mechanics to your dog

Chad Orzel

THE RISE AND FALL OF THE THIRD CHIMPANZEE: EVOLUTION AND HUMAN LIFE

Jared Mason Diamond

The Making of the Atomic Bomb

Richard Rhodes

Nudge: Improving Decisions About Health, Wealth, and Happiness

Richard H. Thaler

   
   

The art of doing twice the work in half the time

Jeff Sutherland 

The Ascent of money

Niall Ferguson

Decisive

Chip and Dan Heath

The Red Queen

Matt Ridley

Creativity Inc.

Ed Catmull

   

Move your bus

Ron Clark

Concentrated investing

Allen C Belleno 

Originals

Adam Grant

   

Sapiens

Yuval Noah Harari

Do gentlemen really prefer blondes

Jena Pencott

   

The memory code

Lynne Kelly

The evolution of everything

Mat Ridley

How Not to Be Wrong : The Power of Mathematical Thinking

Jordan Ellenberg 

Bad Science

Linda Gimmerman

Eureka How inventions happen

Gavin Weightman

How memory works

Robert Madigan

From the Big Bang to Your Cells: The Remarkable Story of Minerals

Raye Kane

   

Naked money

Charles wheels

On intelligence

Jeff Hawkins

One to nine

Andrew Hodges

Influence

Robert Cialdini

   
   

Inferno

Dan Brown

Stargazers

Allan Chapman

100 baggers

Christopher Mayer

What technology wants

Kevin Kelly

Homo Deus

Yuval Noah Harari

 

 

What are you favourite data science books?

think_bayes

Recently someone on my the blog asked me about some book ideas on data science and today I saw this post on ebooks available on data science, so here you go.

Please visit the link for the freely available ebooks. http://blog.paralleldots.com/data-scientist/list-must-read-books-data-science/

A good shout out for the good folks at parralledots. (I like the name!!)

My pick, definitely the think Bayes, and think stats. What are your favourite data science books?

 

Machine learning: Thou aimest high.

Was reading the book Why Nation fails by by Daron Acemoglu and found this anecdote. This reminded me of similar thoughts, many have advocated about artificial intelligence and machine learning.

In 1583 William Lee returned from his studies at the University of Cambridge to become the local priest in Calverton England. Elizabeth I (1558–1603) had recently issued a ruling that her people should always wear a knitted cap. Lee recorded that “knitters were the only means of producing such garments but it took so long to finish the article. I began to think. I watched my mother and my sisters sitting in the evening twilight plying their needles. If garments were made by two needles and one line of thread, why not several needles to take up the thread.”

This momentous thought was the beginning of the mechanization of textile production. Lee became obsessed with making a machine that would free people from endless hand-knitting. He recalled, “My duties to Church and family I began to neglect. The idea of my machine and the creating of it ate into my heart and brain.” Finally, in 1589, his “stocking frame” knitting machine was ready. He travelled to London with excitement to seek an interview with Elizabeth I to show her how useful the machine would be and to ask her for a patent that would stop other people from copying the design.

He rented a building to set the machine up and, with the help of his local member of Parliament Richard Parkyns, met Henry Carey, Lord Hundson, a member of the Queen’s Privy Council. Carey arranged for Queen Elizabeth to come see the machine, but her reaction was devastating. She refused to grant Lee a patent, instead observing, “Thou aimest high, Master Lee. Consider thou what the invention could do to my poor subjects. It would assuredly bring to them ruin by depriving them of employment, thus making them beggars.”

Crushed, Lee moved to France to try his luck there; when he failed there, too, he returned to England, where he asked James I (1603–1625), Elizabeth’s successor, for a patent. James I also refused, on the same grounds as Elizabeth. Both feared that the mechanization of stocking production would be politically destabilizing. It would throw people out of work, create unemployment and political instability, and threaten royal power. The stocking frame was an innovation that promised huge productivity increases, but it also promised creative destruction.

I am not smart enough to know if the apprehensions are right or wrong, but as a machine learning enthusiast, I am fascinated with the field. 

Deep learning, AI, ML are tools like knife and hammer that we are now beginning to understand better and put them to practical use.
Exciting times.