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How I Became a Professional Gambler

I had never gambled before and knew nothing about it, but I'd gotten too many e-mails like it. I was at my parents house for winter break during my first year at UT, and I was bored.

"Free $50 just for downloading our casino!"

Hmm. That doesn't seem very risky. I might as well download to see what it's all about.

The Battle of Tactics and Strategy

On Ideas

Lately multiple of the books I've been reading emphasize the importance of method or strategy instead of tactics. The majority of the debate regards how focusing on strategic overarching changes is multiple times more effective in the long run than small tactical changes because they focus on achieving various goals and can fit into the bigger context. Furthermore, systematic, strategic changes have the added benefit of creating progressive changes, such as Toyota's famous progressive incremental progress system that has kept it at the forefront of quality for a significant amount of time.

The best way to think about the method/strategy versus tactics is how its described in The Art of Learning. Imagine you have a factory and you are the manager. With some formulas you find out if you could shave 1 minute off production you can save 10 dollars of expenses, so you get your 1000 employees and tell them to work 1 minute faster, saving you 8000 minutes and 80000 dollars, but making the workers be more disgruntled, and possibly more apt to make errors. Instead imagine you create a better system for production, one that maybe allows you to have less workers, and might make the product better for distribution, saving you some distribution expenses as well. Or maybe by making the production strategy better you might have less product defects and have your product be synonymous with quality. Strategic changes are also more Scalable; if you try to get everyone to works 1 minute faster an hour, when you have multiple workers, one worker not being present, or not operating fast enough may create a weak link in the system, but having a good strategy in place makes it easy for workers to adapt to unexpected circumstances.

So naturally the first question I asked myself is what makes a good strategy and how can I apply it to my daily life? in my opinion the best strategy has the following characteristics.

1. It can be summarized in a way that can be explained to a four year old. Things like don't eat rice, bread or pasta, and only drink water, or focus on the 1000 most common words. Quick, simple, one- two sentence instructions. Obviously these sentences don't encompass everything that the plan is about, but they do a pretty good job at focusing on the 80%.

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