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mikekarnj's newsletter - June 2018

Hope everyone is having a great summer! Just got back from our wedding in North Carolina. It was a sm
mikekarnj's newsletter - June 2018
By Michael Karnjanaprakorn • Issue #50 • View online
Hope everyone is having a great summer! Just got back from our wedding in North Carolina. It was a small and intimate gathering, which I would highly recommend for anyone getting married.
Now that I’m back, I’ve given a lot of thought to productivity and wealth. Both of these are addressed in the tweetstorms below. 
As far as travels, I’ll be headed to Asheville next week for my Think Week (please send any recommendations)! 
- Michael

✍️ Commentary
Rather than writing out my latest commentary on wealth and productivity here in my newsletter, I packaged them into a bite-sized tweetstorm. 
🔖 Articles
My first job at Amazon was as the first analyst in strategic planning, the forward-looking counterpart to accounting, which records what already happened. We maintained several time horizons for our forward forecasts, from granular monthly forecasts to quarterly and annual forecasts to even five and ten year forecasts for the purposes of fund-raising and, well, strategic planning.
www.eugenewei.com  •  Share
Price’s Law says that 50% of the work is done by the square root of the total number of people participate in the work. What does that mean to us? Look at your current profession. Are you in a position to create substantial value? If the answer is no, move on to a different place where you CAN.
dariusforoux.com  •  Share
The earlier and more you decide, the more chance that you make better decisions.
Darius Foroux has been crushing it with his articles. I’ve included two in this newsletter.
dariusforoux.com  •  Share
ah, the side hustle. i’ve become somewhat of a (self-proclaimed) expert at doing random things on the side over the course of my life.
justinmares.com  •  Share
The 9.9 percent hold most of the wealth in the United States.
www.theatlantic.com  •  Share
Every wonder how the net worth composition changes the wealthier you get? Look no further than this chart that highlights net worth by various different asset classes. The biggest asset class that grows in value for wealthier people is Business Interests.
www.financialsamurai.com  •  Share
🕵️ Recommendations
The highly anticipated memoir from Gucci Mane, “one of hip-hop’s most prolific and admired artists” (The New York Times).
4.8 stars on Amazon and NYT Bestseller. I couldn’t put this book down.
www.amazon.com  •  Share
Great history of hip-hop and the rise of Diddy, Dre, and Jay-Z.
www.amazon.com  •  Share
“I don’t take advice from people less successful than me” - Kanye West
open.spotify.com  •  Share
Filmed with extensive access over the course of more than two years, May It Last: A Portrait of the Avett Brothers is an inside look at the North Carolina band, from their origins to a recent collaboration with legendary record producer Rick Rubin (Johnny Cash, Jay Z, Beastie Boys, Dixie Chicks, etc.) on the Grammy-nominated album True Sadness. 
I loved getting a glimpse at the creative process behind the Avett Brothers. The scene around “No Hard Feelings” was extremely touching and shows at what lengths creatives will go to express themselves 😢
www.hbo.com  •  Share
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Michael Karnjanaprakorn

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