What You Need to Know Today: May 21

Good evening, Early Risers!

Here’s what you need to know today

Tech

What we can expect from Letterman’s replacement. “…while Letterman was many things, and a man of many talents, a viral sensation he was not.” (EliteDaily). Last night David Letterman’s last show aired, capping off a 33-year career. Set to replace Dave on ‘The Late Show’ is Stephen Colbert who will battle time-slot rival hosts Jimmy Kimmel and Jimmy Fallon. One thing Letterman’s show lacked – where Kimmel and Fallon thrive –  is producing content that plays well on YouTube. It will be interesting to see if Colbert enters the internet-ring or continues down the path Letterman has paved.

Better than Pacquiao vs Mayweather fight. It doesn’t take much to top one of the most over-hyped fights of all time…A recent NPR reporter raced a computer to write a news story yesterday. The computer finished writing the story in two minutes. Scott (NPR reporter) took just over seven minutes. It seems the clear winner was the computer… but not the case. Scott’s story had something only a human could provide and perhaps the only thing keeping robots from taking our jobs. Read the full story…

Career

How to catch a liar – ask this. At the Ignition Conference Tesla and SpaceX CEO, Elon Musk shared a great tip on how you can tell when someone’s lying. Musk said, “…one of the ways, when I interview someone … is to ask them to tell me about the problems they worked on and how they solved them.” Here’s why you can tell if someone is lying based on the answer they give.

Shark Tank Barbara Corcoran’s Reddit AMA dropped some jaws. Barb came out guns blazing to a recent Reddit Ask Me Anything session, shocking everyone with her first reply. After Reddit got it’s legs back, the questions started to roll. Here’s a great answer to a common question asked by first-time entrepreneurs: Q. What is the biggest mistake you see small businesses making? Barb: Pissing away money on patents and PR. The right dance steps are: 1) make the product 2) get some sales 3) make the big guys envy you and only then get a patent. But what gets in the way of all young business… Read the full AMA here.

Personal Development

Free college for Americans and a brutal commencement speech. Some millennials are getting excited over Vermont Senator Bernie Sanders’s new bill that would make undergrad tuition at any four-year public college free for Americans who meet admission standards. Full story. But not everyone is sharing the same level of enthusiasm…Here’s a brutal commencement speech addressed to the class of 2015. (Full disclosure: Bill Bonner is the co-founder and president of Agora publishing, a $500M+ financial publishing business, co-founded with Early to Rise founder Mark Ford. Bill’s advice should not be taken lightly.)

#ETRTrivia

John Lennon once famously said “if you tried to give rock and roll another name, you might call it ‘Chuck Berry.’” That’s how foundational Berry’s contributions were to the music that changed America and the world beginning in the mid-1950s.

What famous Chuck Berry track was recorded on this day in 1955?

Click here for answer.

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Check out what you missed in the last Daily Brief here.

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