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Why happiness is the ultimate goal
The importance of creating value
How to create wealth in the modern era
Embrace accountability and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
if you look at a Kanye or Elon or anyone like that, these people can get rich just off their name.
A well-functioning team has clear accountability for each position.
It is really important because when something succeeds or fails if it fails, everybody points fingers at each other, and if it succeeds, everybody steps forward to take credit.
When you put your name out there, you take a risk with certain things. You also get to reap the rewards and benefits.
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And doing something new the first time is painful because you’re wandering into an uncertain territory and high odds are that you will fail. So you just have to get very, very comfortable with frequent small failures.
Nassim Taleb made his fortune, his wealth by being a trader who basically...
If you understand them, then you have the basis for understanding the scientific method. Once you understand the scientific method, you can understand how to separate truth from falsehood in other fields and things you’re reading.
It’s better to go through a book really slowly and struggle ...
You should be able to pick up any book in the library and read it.
Start off just reading wherever you are and then keep building up from there until reading becomes a habit.
Take your natural path and just read the things that interest you until you kind of understand them.
It’s not the means of education or the means of learning are scarce, the means of learning are abundant. It’s the desire to learn that’s scarce.
If you can do both, you will be unstoppable.
That’s when you get true superpowers. That’s when you get people who can create entire industries.
A living example is Elon Musk. He may not necessarily be building the rockets himself, but he understands enough that he actually makes techn...
Some of the things taught in business school are just anecdotes (case studies). They’re trying to help you pattern match by throwing lots of data points at you, but the reality is, you will never understand them fully until you’re actually in that position yourself.
Doing is faster than wa...
When you’re negotiating with other people, ultimately if someone else is making a decision about how to compensate you, that decision will be based on how replaceable you are. If you have high accountability, that makes you less replaceable.
If you look at the hierarchy of capital in a comp...
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It’s a cliché for a reason: exercise really does prompt your body to release feel-good hormones like endorphins, which can help you to feel less stressed. Stress can also make you subconsciously tense your muscles, which exe...
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