Learn: Failure Premortem, Chrome Extension, “Blue Rate”

Read: 3 min

Hola from Buenos Aires, 

Here’s something that took me too long to learn. 

You get what you inspect. 

Not what you expect. 

So here are 3 ways to inspect, what you expect. 

❌ Failure Premortem 

Good minds think forward. 

Great minds think forward and backward. They can flip a gear and drive their brains in reverse. 

One way to do this is with a premortem analysis — imagining future events happening and analyzing why.

Here’s how… 

Imagine it’s June 2023 and you’re six months into your new project. Buttt bad news… your big project failed. :( 

Good news, you can probably predict WHY before it happens. Use these simple steps for a premortem: 

• Picture the future
• Imagine your plan failed
• Try to explain why and where it went wrong

Check out Performing a Project Premortem for more deets. 

☀️ Chrome Extension 

I’ve searched everywhere for the PERFECT chrome browser extension. 

It doesn’t exist... So I made my own. 

I first created a Notion page of how I wanted it to look. 

Then I used New Tab Redirect (free extension) to link new browser tabs to my “Clean Tabs” Notion page. 

Goodbye a million tabs. Hello “Clean Tabs” and organization. 

Feel free to copy this for yourself using this Notion Template and New Tab Redirect.

🇦🇷 Blue Cheese

Inflation in Argentina is out of control. 

Just three years ago, $1 USD = $59 ARS. 

Today $1 USD = $172 ARS. 

And that’s just the official rate (ex: gov and currency exchanges).

There’s another market here called the “blue rate.” 

And we love the blue rate. 

You can wire yourself money (ex: via Western Union) and tap into the blue rate. I did this last week and was able to exchange $1 USD = $333 ARS. Almost exactly 2x the official rate. 🤯

Above is $600 USD converted into $199,800 in m̶o̶n̶o̶p̶o̶l̶y̶ ̶m̶o̶n̶e̶y̶ ARS.

At the “Offical Rate” $600 USD = $103,464 ARS.

But the “Blue Rate” $600 USD = $199,800. 

I’m all for “going with the flow” when traveling to new countries. But sometimes it pays (literally) to do some research. 

Due to rapid inflation, most Argentines choose to hold USD and not ARS in their bank accounts.

Regardless of the asset (house, USD, crypto, etc) we often expect the value to go up… but upon further inspection that’s not always the case.

Year-end is a great time to double-check life and asset allocations. #teamindexfunds

Abrazos, 

Mitchell 

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PPS. Bet you $1 ARS Argentina wins today? ⚽