What Do You Actually Want?

This was originally published in my free weekly newsletter, How It Actually Works.

Why Are You Buying That Gift

Have you ever seen an annual sales chart for a retailer?

This is Best Buy’s sales by quarter for the last 5 years.

Each of those big jumps is of course the holiday season.

On some level we all know that, duh, people buy more stuff in December.

But 2-5x as much? What the heck are we all buying?

And more importantly, why are we buying so much stuff for each other all at the same time??

I had to go to a Target yesterday for non-shopping reasons and was floored by how many people, how much traffic, how many cars.

I wanted to go up to every person and interview them:

I don’t mean to question the value of Christmas gifts. If people like my late grandmother really want to load up the back of a trailer with gifts to surprise their grandchildren in a final Christmas, then go for it!

But what I do want is to briefly shake everyone by the shoulders and get them to ask why they’re buying the stuff, and whether that’s what they actually want to do.

A Tale of 2 Grandmothers

My other grandmother used to make enormous monthly Sunday dinners for her 6 adult children, their spouses, and her 15+ grandchildren.

She did this for years with basically zero help from anyone. It was a great way to bring the family together & it turned into something we all expected, as much a capital-T Tradition as other B-list holidays.

But one day she decided it just wasn’t worth it anymore. She loved her family, but she weighed the pros and cons and decided a full day of prep and cleanup was a load of work she no longer wanted to carry.

Were there consequences to her decision? Of course. A lot of us were disappointed. “How could you stop? This is our excuse to see family!”

But of course we all eventually moved on. I’m sure the fallout wasn’t nearly as big of a deal as she’d expected.

Default Decisions

We all get stuck grinding in the ruts of Default Decisions: those things we think we’re expected or supposed to do. These personal & group expectations come in different forms depending on your background:

To be clear, none of these things are inherently good or bad.

But there’s so much joy at the end of the tunnel that is figuring out what you actually want, because you want it & for no other reason.

None of this means be rude to others or to be selfish & not think of your loved ones.

But sometimes I want to grab those people in Target and get them to think of all the other possible ways they could fulfill their end goals in more creative, unique, and ultimately fulfilling ways.

The possibilities of the human experience are more unbounded than we each realize. And going a few steps of creativity outside the norm can ultimately create more joy for everyone.

And now, if you’ll excuse me, I need to go finish my Christmas shopping.

The Links

Jeff Bezos is a Great Writer

Snippets of writing from Jeff’s shareholder letter over the years.

I wish more successful people would write publicly like this.

See also the letters of:

Warren Buffett

Bill Gates

Howard Marks

Brent Beshore, Adventures

Mark Leonard, Constellation Software

Ben Thompson, Stratechery

The rest of Jeff’s annual letters

Why 538’s Election Predictions Aren’t As Reliable As You Might Believe

For non-data scientists the Twitter feud between Nate Silver and Nassim Taleb is basically unparseable. You have two highly respected people with deep experience in math and statistics fundamentally disagreeing on the reliability of a methodology.

Who to believe?

The ultimate answer in the post isn’t so much that 538 is wrong, but that some of the things they’re trying to predict are impossible.

iTunes and the Basis of Competition in the MP3 Player Market

Academic title but fascinating blog post from angel investor Jerry Neumann on the technological history preceding iTunes and the iPod.

What was the state of the MP3 market conditions when Apple made the first iPod? What led to such a product even being possible? What were all the inventions along the way, and why was Apple so uniquely positioned to capitalize on them?

And then Jerry’s follow up: iTunes Case: Technological Innovation

“While we should care about discovery and invention because they are necessary precursors, real impact comes from innovation, not invention. An innovation is an invention that is useful and is put to use.”

Apple’s received crap in the past for marketing previously “invented” technologies as if Apple itself had created them. While that’s not strictly true, Apple deserves all the credit it gets because its the one who took a new invention and turned it into something actually useful.

As another Apple example: watch the (AFAIK) earliest public demo of multi-touch, at a TED conference no less, in February 2006.

And then watch Steve Jobs introduce it in the original iPhone keynote a year later.

The most hilarious part is the date that TED posted the above demo video to YouTube: January 16, 2007, exactly 1 week after Apple introduced the iPhone.

They saw Apple getting all the credit for multi-touch and wanted some of the love!

But of course if Apple hadn’t made something useful using multi-touch no one would care about TED’s demo video in the first place.

White Wine In The Sun

The best Christmas song.

This was originally published in my weekly newsletter, How It Actually Works.