☝️ Upwarding #23: More On Stock-outs, Normal 2.0, Fake News Everywhere, Staying In Place A La Mozart.
We are seeing empty shelves all across the country. Sure, it makes sense that disinfecting wipes and surgical masks are harder to come by – after all, we actually NEED more of them. But what about all the other items – did we suddenly start needing more toilet paper? Nope. However, the bare shelves are a result of a sequence of logical choices by everyone in the supply chain, from the customers to the stores to the suppliers. I discuss the operations perspective here.
I notice many people longing to get back to “normal”. But rather than trying to swim upriver to the old, should we maybe swim downriver into the future – to a new, hopefully better normal? Check out this awesome meditation/talk on the topic by Michael Mervosh.
Good tip from a dietician this week: only eat while sitting down at your table, with food already portioned out. It has already made me much more aware of my eating vs my “standing up while eating banana and almond butter” binges.
My book is now available.
In case you missed it, the oil price actually turned negative this week in the US. That means people were PAYING you to take oil off of their hands. Just one of the many crazy things we’ve seen in markets this year.
Big lesson this week: be careful taking the news at face value. Over the course of my life, I’ve had first-hand knowledge of reported events about four times. In each case, the writers/reporters got 1 or more items incorrect (leading to incorrect conclusions about motives or facts). I believe that the pressure of the fast news reporting cycle is making this worse. The problem is that by the time the real news gets out, people are onto the next story.
Inspiration for the stay at home movement.
“A fellow of mediocre talent will remain a mediocrity, whether he travels or not; but one of superior talent (which without impiety I cannot deny that I possess) will go to seed if he always remains in the same place”. -Wolfgang Amadeus Mozart