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How to Do Great Things

https://fs.blog/2019/01/great-things/

fs.blog

How to Do Great Things
Insight is rarely handed to you on a silver platter. Einstein argued that genius was 99% perspiration and 1% inspiration. While we can acknowledge that luck plays a role, we often use that as a crutch to avoid doing what we can do to intelligently prepare for opportunities.

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Intelligent preparation > Luck

Intelligent preparation > Luck

If life were all about luck, the same people wouldn’t repeatedly do great things(Einstein, Elon Musk, Newton). When someone repeatedly does great things it is because they prepared in advance to recognize, work on, and fill in the blanks when necessary. 

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How to Do Great Things

How to Do Great Things
  • Believe that you are capable of doing important things.
  • Be willing to look like an idiot.
  • Strive for excellence.
  • You need the feedback of reality in order to keep your feet planted on the ground.
  • Focused investment of only one hour a day can double your lifetime output.
  • Tolerate ambiguity.

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SIMILAR ARTICLES & IDEAS:

Using Decision Trees

  • Understand the different outcomes that could happen (both positive and negative)
  • Calculate the expected return or loss of each outcome
  • Attach a probability to each outcome
  • ...

Use Decision Trees 

Elon Musk uses decision trees to make big decisions (a tool that uses a tree-like graph or model of decisions and their possible consequences, outcomes, and resources). They are particularly useful for avoiding stupid risks and big bets that aren’t likely to succeed.

Most became a billionaire by making unlikely big bets, as their expected return statistically was much higher than safer bets.

Build Deep, Long-Term Relationships

One of the best ways to get information is not from just being better at searching Google, it’s from learning how to build a network and get the information you need through that network. 

This network should include people’s lessons learned and hacks, topics that are too sensitive to talk about because they make someone look bad, and tacit knowledge (knowledge that people have but aren’t able to articulate).

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Maximize Opportunities

Maximize Opportunities

Lucky people do not wait for things to happen to them.

They take notice and act upon the opportunities that they find.

Luck and Intuition

Lucky people act on their intuitions across many areas of their lives.

Intuition is when your body and brain have detected a pattern before you have deliberately considered it.

Expect Good Fortune

You are more likely to be successful if you are optimistic about your opportunities.

When you think things will work out, you are more apt to persevere. You are also open to new opportunities.

Tools for Thinking Better

You don't need to master every detail of every subject to become a world-class thinker.

If you can master the fundamentals of each discipline, then you can develop a remarkably accurate and u...

Mental Models: Out of Box Thinking

Mental models are the various thinking frameworks that are used to understand life, make decisions, and solve problems.

Just raw intelligence is not enough to solve problems. A different or a broader set of mental models can provide a different view of the problem, leading to an unconventional, new solution not thought of before.

Mental Models: Examples

A mental model is an explanation of how something works. They are beliefs, worldviews or frameworks of thinking. You carry a certain kind of thinking in you to arrive at a solution to a problem.

Some examples:

  • Demand and Supply: to understand the economy
  • Game Theory: to understand trust and relationships
  • Entropy: to understand disorder and decay