258 karma · joined August 5, 2020
It might just be FB's greatest contribution to the developer community.
Robert Caro's Master of the Senate discussed the history of the institution in some detail. My takeaway from the book: The Senate basically never really worked as it was intended. The Senate was designed to be more deliberative than the House, and to slow down the pace of political change, primarily by having longer and staggered terms for Sentators and giving them a lot of negative power: the ability to vote down legislation even if the house wanted to pass it. But throughout American history it seems to have slowed down things far too much. The only time it worked was when LBJ was majority leader. Once he left the Senate it reverted to being the bottleneck for political change yet again.
I worked more on the infrastructure / backend side, and I've found the book Designing Data Intensive Applications really useful. Amazing mix of practice and theory, super applicable to people working on distributed systems. Not sure if there is any equivalent for frontend / product engineering.
1. Design / architecture / product skills. Here I mean 'design' in the software sense: can you design a good API, can you structure a large project well? Do you have good enough product intuition to work well with a product manager and a designer?
2. Past experience. What have they shipped in the past? How did they deal with difficulties like conflict between teams, deadline misses, uncooperative team members, etc.
I read something similar about the computers that control the US nuclear arsenal: They're extremely primitive and can only be updated by floppy disks.
Eventually guano became less valuable since artificial fertiliser was cheaper. I don't think there's any significant guano trade now, and definitely not in the range of $1B / year. The article seems to be suggesting that the indirect benefits of guano (birds dropping it over fields) is worth $1B / year. Somewhat misleading title IMO.
I'd love something like this for small/micro-caps (< $100M) in the US and Europe. I think that's probably where the individual investor can find the best opportunities to add alpha as the big players are less relevant there.