#51 - Don’t miss this week’s free resource!
What I’m Watching
Just started reading Theory of Games and Economic Behaviour, which is considered one of the classical texts on the topic. It can get a little heavy but I love the analytical approach to a variety of games and how they can be applied to life. It talks about the problem of rational behaviour; how we’re not as logical as we think, the utility function and discusses strategies for a range of games (imperfect info, different number of players) and touches on games like poker and how all this can be applied to economics.
Resource of the week
By now everyone has heard of ChatGPT. But in case anyone is living under a rock, it’s the fastest-growing consumer application in history. It reached 100 million users in 2 months from launch!
Anyway, someone has made an add-on called GPT for Sheets that allows you to integrate it directly into Google Sheets, which I think takes it to the next level in terms of what we can do with it.
If you delve into it, there’s so much functionality. Got to say, I think this is one of the coolest resources I’ve come across.
Quote
Prime your environment to make the next action easy.
James Clear
News and trends
- Inflation seems to be biting hard when the historic Perth Mint in Australia got caught selling diluted gold to China and tried covering it up.
- Spotify responds to the rise of TikTok by planning a vertical swipe feed. This could be a game changer for Spotify in the increasingly competitive social media war.
They already have payment details of over 200 million users on file, a pivot like this could mean they are able to drive users to paid services with a high conversion rate. As always if this happens, early adopter content creators will benefit.
- Property market key metrics remain downbeat but less than before.
- House prices continue to slip.
- Still a significant imbalance in rental stock which is driving rents up.
Thoughts
In terms of the property market, I think we are at a pivotal point where mortgage rates and house prices are stabilising while rent is continuing to rise which are all factors I look at when planning to invest. There’s still just enough negative sentiment that I think it should allow for some good deals to be had. So personally I’m going to start ramping up efforts for the next acquisition.
This week I’ve mostly been working on my handwriting Skillshare class, I think we’re still on track for a March completion, fingers crossed.
Hit reply if you have any thoughts or questions. Have a good week!
Hans