Between the Noise🎯 #26: The Gambler Who Cracked the Horse-Racing Code, Four Tools of Discipline & More
Starbucks has around $1.6 billion in stored value card liabilities outstanding. This represents the sum of all physical gift cards held in customer's wallets as well as the digital value of electronic balances held in the Starbucks Mobile App.* It amounts to ~6% of all of the company's liabilities.
Interesting story on how a US gambler created an algorithm for doing bets on horse-racing, from which he made near to billion dollars.
Good article from Farnam Street. Explains 4 principles — delaying gratification, accepting responsibility, a dedication to reality, and balance.
Avoiding problems avoids the opportunity for growth. Most of the time, problems don’t go away, instead they grow.
So many insights from Kunal Shah in this video. Irrespective of the background, everyone should watch this :)
In this podcast, Utsav (Partner, AngelList India) answers many questions on building AngelList in India, his learning from investing in multiple companies & more. (Link)
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