In the beginning, we measured the world one way. Then another way came. This way offered different fidelity, and we used that. Sometimes the thing we measured was a fixed supply, and the new fidelity changed demand and prices. Then a new new way came. The first two examples are this. Sometimes there is is no supply constraint and no change in price. The second two examples are that.
Investing. There are at least two areas where the invisible became visible. One is quantitative. It’s in the numbers, not the stories, where good investments can be found. A second is in scale. It’s the size of the company where there’s information which is invisible at one scale but very clear at another.
Moneyball. Like quant investing, Moneyball is a way to use numbers to find patterns and to frame our thinking.
Personal. “You work with a lot of teams”, Shane Parrish prompted, “what have you learned about making good decisions?” Well, says Diana Chapman, “people don’t practice nearly enough candor.” The whole episode (#130) is basically about this, making the invisible visible in our collection of relationships. How? Through candor.
Jobs to be done. The JTBD framework is a way of articulating purchase decisions. People take action to change what? We’ve many examples of this: Leatherman tool, Headspace meditation, and Instagram stores.
One way to find the recently visible is in words. What was so great about Chapman’s podcast with Parrish was the embodiment of her ideas. Chapman is physical: use notecards, stand here, dress like this and act accordingly. We are a visual species. Today’s prompt then: What is invisible here?