in brown are my thoughts and comments if any
“If you have nothing in your life, but you have at least one person that loves you unconditionally, it’ll do wonders for your self-esteem. ”
“Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy”
“You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom”
“Without ownership, your inputs are very closely tied to your outputs. In almost any salaried job, even one paying a lot per hour like a lawyer or a doctor, you’re still putting in the hours, and every hour you get paid.”
“I think the best way to stay away from this constant love of money is to not upgrade your lifestyle as you make money.”
“For someone who is early in their career (and maybe even later), the single most important thing about a company is the alumni network you’re going to build. Think about who you will work with and what those people are going on to do.”
“Building specific knowledge will feel like play to you but will look like work to others.”
“I also love tinkering with technology. And all of this stuff feels like play to me, but it looks like work to others.”
“Become the best at what you do. Refine what you do until this is true. Opportunity will seek you out. Luck becomes your destiny”
Fourth type of luck “build your character in a certain way, then your character becomes your destiny.”
“Be a maker who makes something interesting people want. Show your craft, practice your craft, and the right people will eventually find you.”
“figure out what you were doing as a kid or teenager almost effortlessly. Something you didn’t even consider a skill, but people around you noticed. Your mother or your best friend growing up would know.”
“If they can train you to do it, then eventually they will train a computer to do it.”
Infinite finate games book talks about education vs training difference. Same idea here.
permission vs permission-less leverage
permission-less: coding, writing books, recording podcasts, tweeting, YouTubing—these kinds of things are permissionless. You don’t need anyone’s permission to do them, and that’s why they are very egalitarian. They’re great equalizers of leverage. Every great software developer, for example, now has an army of robots working for him at nighttime while he or she sleeps, after they’ve written the code, and it’s cranking away.
permission: capital intensive tasks
“In a long-term game, it seems that everybody is making each other rich. And in a short-term game, it seems like everybody is making themselves rich. In a long-term game, it’s positive sum. We’re all baking the pie together. We’re trying to make it as big as possible. And in a short-term game, we’re cutting up the pie.”
“Escape competition through authenticity. Basically, when you’re competing with people, it’s because you’re copying them. It’s because you’re trying to do the same thing. But every human is different. Don’t copy.”
“Status is a zero-sum game. It’s a very old game. We’ve been playing it since monkey tribes. It’s hierarchical. Who’s number one? Who’s number two? Who’s number three? And for number three to move to number two, number two has to move out of that slot. So, status is a zero-sum game.”
“praise specifically, criticize generally.”