#151 – Daylight Savings & Coffee

Quote, Podcast, Deep Dive, Story, Tweet.

Good morning everyone,

Hope you’re having a great week!

Here are 5 things I found interesting over the past few days…

Let’s jump in.

read online on my website

read time 3 minutes

#151 – The Rundown:

  • Quote: The biggest killer of momentum.

  • Podcast: Intentionality vs serendipity in careers.

  • Deep Dive: The economic benefits of daylight savings.

  • Story: Just make the coffee.

  • Tweet: JPMorgan is making a push for athletes.

Quote:

“It’s hard to build momentum if you keep dividing your attention.”

James Clear

Podcast:

Sweat Capital #140 - “I Fell Into It…” Intentionality vs Serendipity In Careers

No shortage of highly successful people have been quoted as saying “I sort of just fell into it...” when talking about their careers, but what do they really mean?

In this Sweat Capital March recap episode, I sat down with Charlie & Lulu (our new co-host and partner of the show!) to reflect on this thread running through a lot of our recent episodes with guests…

Specifically, we dive into the concept of intentionality in career progression versus the serendipitous circumstances that find people faced with new and exciting opportunities.

As always, very keen to hear all of your feedback (especially the bad), suggestions, and guest recommendations for Sweat Capital!

We’ve been working exceptionally hard BTS and keen to start seeing these improvements compound over time, slowly but surely.

Really excited by what we’re building.

Listen on Spotify, Apple Podcasts, or YouTube.

[Duration: 34 minutes]

P.S. I made a Spotify playlist with every podcast I’ve ever recommended. Hope they bring you as much value as they’ve brought me.

P.P.S If you have no idea what Sweat Capital is, here’s the story :)

Deep Dive:

The Economic Benefits of Daylight Savings

With satirical origins dating back to Benjamin Franklin in the late 18th century, daylight savings has been the source of much social and political debate for many years.

Initially popularised to assist countries with war efforts during the first and second world wars, there are many corners of the globe who now regularly modify clocks for a certain portion of the year.

Australia, interestingly and somewhat uniquely, has a nationally divisive approach to daylight savings with the country essentially split in half on the first Sunday of October every year.

There are those states and territories who observe daylight savings to provide residents with more daylight in the evenings (New South Wales, ACT, Victoria, South Australia, Tasmania) and those who keep consistent time year-round (Queensland, Western Australia, Northern Territory).

After clocks rolled back two Sundays ago here in Sydney as we approach the winter months, I’ve been reflecting on whether: a) There are tangible economic benefits to daylight savings; and b) If so, why QLD, WA, and NT don’t follow suit with the rest of Australia.

To my pleasant surprise, I was able to find a plethora of scholarly articles and research papers on the topic.

Here are the economic and societal benefits of daylight savings observance that I discovered:

1) Lower electricity costs arising from reduced electricity demand due to increased daylight hours

2) Reduced strain on the power grid and enhanced electricity reliability

3) Increased outdoor recreational sporting activity, supporting greater overall mental and physical wellbeing

4) Reduced criminal activity and home invasions, supporting a reduction in spillover crime-related costs such as costly insurance, impacts on surrounding businesses, and community safety threats

5) Increased convenience retail store commerce

6) Lower television consumption hours with a commensurate shift towards outdoor activities

7) Reduced pedestrian and motor vehicle fatalities due to improved visibility during peak travel times

8) Higher retail spending during late-night shopping

9) Stronger hospitality revenue across both restaurants and bars

10) Uplift in tourism due to longer days

11) Higher attendance and foot traffic at outdoor venues like zoos, beaches, and markets

12) Improved utilisation of public infrastructure like parks and public transport, thereby increasing economic return

13) Higher participation in part-time and casual work due to increased accessibility and higher demand for retail services

Not to mention the more-difficult-to-isolate variables like health, sleep, labour productivity, social capital, labour flexibilities, etc.

Now, I’m not saying that QLD/WA/NT should change their approach tomorrow, but it is pretty interesting to think about the potential difference those 60 minutes can make…

Food for thought.

Story:

Just Make The Coffee

I recently came across an incredible story unearthed by Sahil Bloom and written by Pam Kearney in a local Dawson County newspaper that I wanted to share with you all:

I visited Matthew, the owner of Lucy’s Flour Shop a little while back. As I nibbled on an enormous chocolate chip cookie I began to tell him a story.

A few years back on a bitterly cold December evening, there was a visitation at the funeral home across the street from his bakery.

The people, bundled up in coats, scarves, and blankets were lined up around the building waiting to hug the family of the deceased.

Seemingly out of nowhere, a man showed up and began giving away hot coffee to the people outside. People who entered the funeral home with coffee in their hands whispered of a mysterious man handing out free coffee, and how much they appreciated it.

I looked at Matthew and said, "I have a suspicion that you were that man. Is that right?"

Matthew very humbly replied, "Yes, I felt so bad for them and wanted to do something, but all I could do was make coffee, so I made coffee."

I responded that he blessed so many people that night by helping them warm up and by showing there’s good in the world. He added a positive note to a devastating situation.

I paused, then added, “That visitation was for my sixteen-year-old son. Thank you for being so kind.”

That conversation has stuck in my head since then:​

"All I could do was make coffee, so I made coffee."

Pam Kearney

None of us can do it all.

But we can always do something.

You just never know the impact it could have…

Pam Kearney’s original column

Tweet:

JPMorgan Is Making A Push For Athletes

Very clever play IMO.

A class of hard working, competitive, marketable, and wealthy individuals with often very limited financial acumen.

HBO’s Ballers coming to life…

Thanks for reading! Grateful for your support.

Stay hungry, stay humble, stay curious. ⚡

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This goes a long way to helping me reach more people :)

See you in the next one,

Dimi

(P.S. the best ways to get in touch with me are via email or LinkedIn).