3 Best Reads of This Week

“One way to get a sense of the value capture ability of a marketplace is by measuring its take rate. The take rate is essentially the average percentage of the value of third party transactions which is captured by the platform or marketplace as fees or commissions. Mathematically, take rates are calculated by dividing the…

The Psychology of Money

The first book that I’ve finished this calendar year is Morgan Housel‘s, The Psychology of Money. Overall review: great book, great writing and easy read. Like many great writers who know their subjects, Housel is a clear thinker that writes about the first principles of the psychology of money in simple ways. There’s not too…

Luck, Skill, Generosity and Hard Work

It’s undeniable that our brains (and our egos) trick us to equating luck with skill. We do it all the time when making life choices. Even when there is a “good” outcome, we tend think we made great choices looking backwards. I would surmise that it’s mainly luck. As luck would have it, my mother…