![]() Soon enough, accounting standards used in 140 jurisdictions will incorporate standardized metrics for measuring emissions. A nonprofit or a government agency can do many things that feel like they're making a difference, but nobody in the mining business ever got rich by "raising awareness" of copper instead of digging it up and selling it for a return that meets or exceeds the cost of capital.1 Accountants have played a significant role in determining which side of the worth-it line companies fall on for a long time. One of the reasons companies seem to display more agency than other organizations is that they are required to keep accurate books, and structured to maximize particular variables. Accounting makes the difference between something being a theoretical concern and being a target that can be optimized for and traded off against different goals. One underrated but important driver of human behavior is accounting. Still growing nicely:įriend-of-the-show and Exra-Deluxe supporter Byrne Hobart (□□□□□ □) made a really insightful point here (sub $ required): It’s also a good way to reduce hyperbolic discounting a bit, and care more about future-me □□ (if you don’t get this reference, you can read what I wrote about past-me □□, present-me □, and future-me □□ in edition #143 ). Stuff like that.īut it’s worth thinking about it some more, and not only once, but periodically.įor practical reasons - you’re more likely to hit a target if you’re conscious about it and deliberately improve your tactics and strategy - but also because it may help refocus your lens from the short to the long-term. Trying to learn every day, sleep well, stay healthy, add value to as many people as I can, have good relationships. ![]() What are you doing today to set yourself up for success in 5 years?Īfter thinking about it for a moment, my answer was: □ Friend of the show Liviam Capital asked a very simple, but very profound question on Twitter: □ Which company will be the first to sell metacoins in the cryptoverse? □ I recently participated in a Twitter space hosted by supporter Adam Mead (□ □), and it reminded me of an old plan I had to try hosting a space to see what happens… Or maybe do a group Zoom call for paid supporters ? □ For English, 140 characters was quite restrictive, but for Japanese, where the information-density per character is much higher, it wasn’t, so the impact was felt very differently depending on the language.
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