Jonathan Fecowicz

Finance, Tech, and General Musings

"Nike, selling pieces of leather and bits of fabric..."

parislemon:

Ben Thompson:

Interestingly, both Apple and Nike have markedly similar business models: as various pundit never tire of telling us, Apple is selling a commodity and is doomed to inevitable margin pressure and/or massive loss of share in the face of good-enough cheap Android. For better or worse we in tech are stuck with these folks, because who knows what they would make of a company like Nike, selling pieces of leather and bits of fabric. Talk about a commodity! And yet, there is Nike, sporting a ~45% gross margin in an industry that averages 33%. Clearly they are more than just an apparel maker.

Lost in the story of the demise of the FuelBand is just how similar Nike and Apple are in many respects. Apple’s “iWatch” may not be the reason Nike is killing off the FuelBand, but both companies will be better off as a result of a partnership in this space — as will consumers.

'The Illusion of Life' is an experimental work of creating a sensory illusion of life by impersonating human respiratory organ as an audible set of interactions - facilitating strong bonds of communication and connection between the user and a machine. The machine gives an impression of human whispering by mimicking the intricacies of human physiology: Breath temperature, humidity, smell, and vocal qualities. It augments emotional subtleties and imprints them onto our senses - such as confidentiality, love and threat. 

'The Illusion of Life' is an experimental work of creating a sensory illusion of life by impersonating human respiratory organ as an audible set of interactions - facilitating strong bonds of communication and connection between the user and a machine. The machine gives an impression of human whispering by mimicking the intricacies of human physiology: Breath temperature, humidity, smell, and vocal qualities. It augments emotional subtleties and imprints them onto our senses - such as confidentiality, love and threat. 

Might have to cop this

Might have to cop this

Well the weekend’s just about over, so I guess it’s time for me to accept the fact that I’m another year older. Yea, I think I’ll drink to that

Well the weekend’s just about over, so I guess it’s time for me to accept the fact that I’m another year older. Yea, I think I’ll drink to that

"The big thing is rationality."

parislemon:

Warren Buffett in the summer of 1998 (from the brilliant joint interview with Bill Gates that I linked to the other day):

They’ve asked us to start out talking, the two of us, about what got us here, but then it’s on to your questions. How I got here is pretty simple in my case. It’s not IQ, I’m sure you’ll be glad to hear. The big thing is rationality. I always look at IQ and talent as representing the horsepower of the motor, but that the output—the efficiency with which that motor works—depends on rationality. A lot of people start out with 400-horsepower motors but only get a hundred horsepower of output. It’s way better to have a 200-horsepower motor and get it all into output.

So why do smart people do things that interfere with getting the output they’re entitled to? It gets into the habits and character and temperament, and behaving in a rational manner. Not getting in your own way. As I said, everybody here has the ability absolutely to do anything I do and much beyond. Some of you will, and some of you won’t. For the ones who won’t, it will be because you get in your own way, not because the world doesn’t allow you.

This point is almost seems too obvious and yet at the same time, too subtle. Both of which are undoubtedly why such a key aspect of life is often overlooked when talking about why someone achieves greatness.

By Design | David Karp Is Tumblr's Reluctant Technologist

Karp’s style may not fit the public’s idea of homo futurus, but it is perfectly consistent with the image of New York’s tech industry. New York tech, where Tumblr is based, is distinguished from its Silicon Valley cousin less by technical merit, and more by its design aesthetic and its close relationship with the creativity and culture of the city itself.