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👍 P.S. You Should Know... - Issue #1

April 2 · Issue #1 · View online
P.S. You Should Know...
Hello friends and subscribers! 
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fun facts 🙌
Put away your tophat and monacle. It turns out that “crevasse” (pronounced kruh-VOSS) is not just a super pretentious way to say “crevice” (pronounced KREV-iss). Hat tip to Ilya Z for the insight. learn more
Maps are lying to you. I still remember when it sunk in that our typical world map is one big lie. When a tour guide in Colombia told us that the country is bigger than Texas and California combined, I didn’t believe him. Google quickly confirmed that I was wrong. | learn more
oh, chicago 🏆
Chicago gangs once had business cards. And then the digital age came to take over. | learn more 
Love food trucks? Politicians don’t. “You get somebody sick in Chicago, it’s a $200 fine,” Geller says. “You park too close to a restaurant, it’s $1,000. Those restaurants’ profits are more important than public health? The city of Chicago has said, ‘We’re going to protect brick-and-mortars.’ Why is it that this particular thing needs to be protected? It’s farcical. It’s so outrageous.” | learn more
tech, startups, internet ⚡
In search of the new “internet”. What’s the next innovation that will change the world? It could be any one or more of these. | learn more
Building the “Berkshire Hathaway of The Internet”. Andrew Wilkinson is building an investment firm called tiny. His team is moving quickly on acquisitions to make them seller-friendly, then leaving management teams in place and staying out of their way. learn more
retail therapy 💸
Wal-Mart does the internet. Now that Marc Lore of Quidsi ( + and fame is in charge of e-commerce at Wal-Mart, they’ve started a shopping spree with the acquisitions of ModCloth and Moosejaw. These are culturally pretty far from Wal-Mart’s core discount stores, but maybe (just maybe) with Lore in charge they can nurture the brands without smothering them. | learn more
Too much retail. “Last summer, Macy’s CEO Terry Lundgren called the situation ‘ridiculous,’ noting that the U.S. has 7.3 square feet of retail space per capita, versus 1.7 square feet per capita in Japan and France.” | learn more
big ideas 📚
Evidence of the robot takeover. Economists from MIT and Boston University examine the impact of industrial automation on the US labor market from 1990 to 2007. They conclude that each additional robot reduced employment in a given commuting area by 3-6 workers, and lowered overall wages by 0.25-0.5%. | learn more
The future is autonomous and electric. Cars are changing. Not all at once, but over the next 20-30 years. When most of the fleet is self-driving and powered by electricity, there will be huge direct impacts on oil consumption and human safety. Thinking beyond that, Benedict Evans dives into the second order of consequences. | learn more
better doing 🎯
Planning is guessing. Jason Fried suggests a way to get past the psychological roadblock to planning by taking it for what it is. | learn more
Ruthless prioritization. Shopify product director Brandon Chu’s take on how to prioritize between projects and within a single project. | learn more
(audio)books i like 🎧
Kitchen Confidential Audiobook | Anthony Bourdain |
Thanks for reading! Please remember to share the newsletter and send me feedback. -Pavel
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