🍪 Product Lessons from Apple and Meta, Plus What’s Happening in Markets?!

Happy Thursday, friends! Welcome to Bite Sized Beta, where we dive straight into dessert with 5 min learnings in entrepreneurship, productivity, and business. Want this weekly email in your inbox? Subscribe here.

Ok, now let’s get to the good stuff.

In the oven this week:

• ☝🏼One big pizookie: what you need to know in a market downturn
• 🔥 Freshly baked: product lessons & what happened to all the buttons on your iPhone
• 🍪 Cookie crumbs: 4 quick highlights
• 😂 Snickerdoodles: memes to tie you over til Friday

THE BIG PIZOOKIE

David Sacks (OG member of the Paypal Mafia, entrepreneur turned VC) and Ray Dalio (CEO of Bridgewater, the world’s largest hedge fund) both chimed in this week on markets taking a nosedive.

Since I’m starting this newsletter with negative money, I tuned in and summarized all the good stuff for ya.

Sacks starts off with pain, pain, pain. Inflation has spiked to 40 year highs and nothing but the Costco hot dog is immune.

The fed typically fights inflation with higher interest rates. The problem is that stocks do worse when interest rates are high since any projected revenue now gets discounted back to present day at a higher rate, lowering the current value of those earnings.