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P.S. You Should Know... | Issue #166

May 31 · Issue #166 · View online
P.S. You Should Know...
👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7am CST, and definitely the best one published by me. Now in its fourth year!

my story 🚀
It’s Saturday night and I’m updating my story because once again there’s been a rapid change in the world. Three months ago we saw how quickly a virus can spread from city to city. Tonight we saw Chicago, along with over a dozen other major cities, under curfew because protests turned violent from city to city. George Floyd’s murder by police in MN is tragic and part of a clear pattern of police killing black men in this country. We must fix the structural racism that forces black people to fear for their lives at every encounter with police. The violent and the looters have overshadowed tonight, but let’s stay focused. Enough is enough and black lives do matter. This isn’t about left/right tribes, it’s about all people in our free country living free from fear. Stay safe, everyone.
someone else's words 💬
fun facts 🙌
How tax policy gave us fuzzy-bottomed Converse. Last year we learned how tax policy gave us White Claw. Today we learn how tax policy gave us Converse sneakers with fuzzy felt soles. The fun term is called tariff engineering. | learn more
The great work-from-home migration. Redfin’s survey (n=900, probably biased) data shows, “more than 50% of people in New York, Seattle, San Francisco and Boston would move if work-from-home became permanent.” | learn more
Rodents becoming extra aggressive in search of food. “The Centers for Disease Control and Prevention (CDC) is warning that rodents are becoming increasingly aggressive as they scavenge for food amid a mass closure of restaurants caused by the coronavirus outbreak.” | learn more
oh, chicago 🏆
Make way for the new outdoor dining. To make more space for outdoor dining, six Chicago streets, including Randolph’s restaurant row, will be closing to vehicle traffic. | learn more
IL legislative session delivers a new state budget. We’ll spend $40B, about the same as last year, except that we expect $5B to come from our dear ol’ uncle Fed. Oh, and Chicago’s getting a casino. | learn more
tech, startups, internet ⚡
The medium post is the message. Alex Danco (I’ve become a big fan of his) expands on the famous quote “the medium is the message” by way of an illustrative example from venture capital. “VC content marketing has evolved from hot towards cool media formats (and the rise of VC meme twitter), particularly in early stage and micro-VC funding, and it makes sense.” | learn more
The AI boom of 2015-2019 laid the groundwork for… Prolific AI investor Rob May briefly considers what might come in 2030 from the groundwork laid recently in the field. It’s an analog to this: “The Internet Boom of the late 1990s laid the groundwork for subsequent booms in social media and cloud computing.” | learn more
Software will eat software in a remote-first world. Here’s an interesting take from Can writing for Margins. “As workers are more and more removed from the business, companies will get better at identifying what can be “automated”.” And as that happens, their collective power decreases. Will they lose the ability to influence the moral compass of their tech giant employers? | learn more
better doing 🎯
Good? Bad? Hard to say. I first heard this parable in a TED talk somewhere. This week I found myself reacting to the volatility of our world. I wanted this reminder of impermanence and long-term thinking. If this is new to you take 2 minutes to read now. “There was once a farmer in a village. One day, his horse ran away. So, the villagers came up to him and said, “That’s bad.” He shrugged his shoulders and said, “Hard to say.””| learn more
Do you understand what a ‘95% confidence interval’ means? Internet-famous longevity doctor Peter Attia offers a useful explanation and a short test to make confidence intervals more tangible. I am embarrassed by my performance on the test. Tell me yours and I’ll tell you mine. | learn more
Idea generation. An essay from Sam Altman: “The most common question prospective startup founders ask is how to get ideas for startups. The second most common question is if you have any ideas for their startup.” | learn more
to your health ⚕
Amazon Care pilot program for Seattle employees. The program features both telehealth and in-home care services that include clinical laboratory testing. It’s for employees only at this point. Remember that Amazon Go’s cashier-free stores began this way too. is coming for healthcare. | learn more
Walmart opens 2nd health center. If Amazon’s push into healthcare isn’t enough to shake things up, here comes Walmart, “which recently opened its second “Health Center” in Georgia and announced prices for general healthcare services 30% to 50% below what medical providers typically charge.” The fact that they ‘announced prices’ actually feels special. Here’s a list of services: primary care, dental, counseling, clinical laboratory testing, x-rays, health screening, optometry, hearing, fitness and nutrition, health insurance education and enrollment. | learn more
retail therapy 💸
How do Chinese sellers ship so cheaply across the world? I thought Chinese sellers were able to ship to the US so cheaply because their freight was being subsidized by China. Surprise: it’s being subsidized by our own post office! | learn more
under the microscope 🔬
DNA-repairing enzyme reverses age-related cognitive decline. “A new study from MIT has found that reactivating a certain enzyme improves repair of DNA damage in neurons, which helps Alzheimer’s patients and others with cognitive decline.” | learn more
thoughts of food 🍔
The new cannabis drinks are here. A non-drinker reviews the new class of THC-infused drinks that mimic alcohol in both rapid onset time and predictable duration of effects. The technology doesn’t seem to be quite there yet, but I’d bet on innovation continuing. I believe the impact is currently under-appreciated. | learn more
big ideas 📚
Naval Ravikant philosophizes on happiness in rare podcast. The entrepreneur-turned-angel-turned-philosopher had avoided all podcast appearances for a while until a relatively new and niche New Zealand podcaster (Samantha Ryan) lured him onto her show. He’s an interesting interviewee because he’s quick to disagree with the premise of questions and wax on about his life philosophy. | learn more
on the blockchain ⛓
IBM acquires 7% stake in blockchain-enable trade finance solution. A friendly reminder that while most of the world either ignores blockchain or focuses on Bitcoin, real businesses continue to make real investments into the space. | learn more
Shopify adds crypto payment options for merchants. “Major Canadian e-commerce platform Shopify has inked a deal with leading cryptocurrency payments processor CoinPayments to bring the option of paying with cryptocurrencies to Shopify users.” | learn more
profiles of people 🚶
How the ‘Apple of Pot’ collapsed. “Lavish parties, greedy pols and panic rooms.” An expose on MedMen’s rise and recent drama. They’d probably have filed for bankruptcy by now except that they’re ineligible thanks to being pot sellers. | learn more
calls to action 👇
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