Mindfulness meditation. Sitting with your thoughts and emotions, experiencing them, and understanding them, rather than avoiding them or distracting yourself from them can have a dramatic effect on your life. And 10 minutes a day for a week can get you far enough to see some real benefits, like reduced stress and increased awareness of unhelpful thought patterns.
Ask HN: What's the most valuable thing you can learn in an hour?
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Re: Ask HN: What's the most valuable thing you can learn in an hour?
#82Mindfulness meditation. Sitting with your thoughts and emotions, experiencing them, and understanding them, rather than avoiding them or distracting yourself from them can have a dramatic effect on your life. And 10 minutes a day for a week can get you far enough to see some real benefits, like reduced stress and increased awareness of unhelpful thought patterns.
Until those, I thought meditation was inherently coupled with eastern mystic bullshit with zero benefits for anyone who didn't want to buy into a bunch of other baggage.
He has a book by the same name as the mobile app. The first chapter (read out loud here) is what first started convincing me that mindfulness was something I should seek out and develop: https://samharris.org/podcasts/chapter-one/
I started doing it while laying in bed before falling asleep. Ended up with a daily morning practice sitting up on my bench.
Re: Ask HN: What's the most valuable thing you can learn in an hour?
#83Learn how to read quarterly earnings (and other financial documents). It's amazing how simply it is to see if a company is making money / losing money and how that'll impact your view of the world. For instance, Uber as it is today, is going out of or dramatically changing its business. Might not see that from all the hype, might not see it from all the user, but the terms sheet doesn't quarterly earnings doesn't lie…
And how to learn it?
So for example, Uber, on Yahoo Finance (fairly simple data presentation):
https://finance.yahoo.com/quote/UBER/financials?p=UBER
Columns displaying full fiscal years (you can change that to quarters optionally). And rows showing specific financial information, such as "total revenue" or "gross profit."
There are ~22 rows in a column year in the Yahoo data sets, each displaying different financial data. Of those, maybe a dozen are particularly important for an amateur to know.
So you'd look up the definitions for eg: revenue (sales), cost of revenue, gross profit, operating expenses, SG&A (selling, general and administrative expenses), operating income, income before tax, income tax expense, interest expense, net income. Another that can be useful as a new or amateur investor, is EPS, or earnings per share.
Investopedia is a reasonable option for learning the definitions, although there are numerous sites that will work fine.
Shouldn't take more than an hour to look those up and learn them at a basic level. After a bit of practice, you can scan a multi-year profit & loss (P&L) statement in a minute and have a great idea of how a company is fairing.
A balance sheet can be more complex, although it can similarly be boiled down to a dozen or so things that by far matter the most. You can get the definitions for those things and learn them in under an hour, then practice reading balance sheets.
Then last but not least for an amateur interested in such, would be to acquire practice at scanning through annual and quarterly reports filed by companies with the SEC. They're often obnoxiously long and overflowing with low-value bullshit, however only a small amount of the content tends to matter. I think the best way to keep that under an hour, would be to have someone mark off the segments worth always looking for / looking at in the filings, such that you can learn to jump to those sections to pick out important information. Beyond that, getting good at digesting company SEC filings will take a lot longer than an hour.
I wouldn't attempt to take on all of these things in under an hour, it'd be unreasonable. An hour each to get started however is doable. Starting with the P&L statement.
Re: Ask HN: What's the most valuable thing you can learn in an hour?
#84For the lame definition of valuable: if you are not in the practise of negotiating, try to negotiate in more situations and see what happens! Attempting to negotiate will not harm your situation when dealing with another party making you a genuine offer. Even if you are a very mediocre negotiator, you might be able to easily eg obtain a somewhat higher salary when starting a job versus just accepting a given offer if…
Re: Ask HN: What's the most valuable thing you can learn in an hour?
#85If you're going overseas, learn a little bit of the local language. 1. Hello 2. Goodbye 3. Please 4. Thank you 5. Me 6. You 7. Him/her 8. This 9. That 10. Here 11. There 12. Do you have this? 13. Where is this? 14. How much money is that? 15. Where is the toilet? 16. Digits (0 1 2 3 4 5 6 7 8 9) You'll be surprised how much of the language you pick up naturally just by memorising some basic words and using them.
Re: Ask HN: What's the most valuable thing you can learn in an hour?
#86Re: Ask HN: What's the most valuable thing you can learn in an hour?
#87Examples:
- Getting what you want will not make you happy.
- It's hard to get what you want. But it's easy to want what you get.
Re: Ask HN: What's the most valuable thing you can learn in an hour?
#88Binary Search. (And its antithesis, exponential growth.) In my opinion it is the single most important piece of computer science insight with the constraint that you only have less than an hour. I often use binary search as a sort of thought experiment into whether something is "obvious" or not. As a child, I would say exponential growth is the one thing that I developed no intuition for between the age of 1–11. Even…
Re: Ask HN: What's the most valuable thing you can learn in an hour?
#89Kelly criterion - what can you afford to invest.
Polya's problem solving method.
Salary negotiation skills.
Rich Hickey's Hammock driven development (for non programmers too).
No Limit Holdem Poker flop and turn odds calculation.