When specialization makes sense - Deepstash
How To Become a Better Decision-Maker

Learn more about personaldevelopment with this collection

Understanding the importance of decision-making

Identifying biases that affect decision-making

Analyzing the potential outcomes of a decision

How To Become a Better Decision-Maker

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When specialization makes sense

Specialization makes sense when you know you can reach the top of the domain you are trying to excel in.

If you want to specialize and become a basketball player, for example, you have to reach the top 0,001% to have phenomenal financial gains.

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Warren Buffett's best investment

Warren Buffett's best investment

Warren Buffett, the famous investor, stated that his most important investment was in Dale Carnegie's speaking course because being a good communicator (both in speech and in writing) highlights, even more, the other skills you happen to have.

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Winning even if you fail

This means to take the time and consider the projects you choose to pursue based on the skills and the relationships you will be able to develop that have the potential to last even after those projects will finish.

Skills to consider: public speaking, writing, and nego...

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Being a specialized generalist

Being a specialized generalist

It's what Tim Ferriss recommends in this ever-changing world. Being a specialized generalist means aiming to combine a few skills that are not usually combined.

If you associate two valuable skills that are even more valuable together (for example, computer science and ...

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Skills: Diversity And Specialization

Comparative advantage is also measured by the salary yardstick, and how much a person’s time, skills and core skill sets are worth.

Example: Michael Jordan is a skilled basketball player, and is very tall. If he wants, he could paint his own house by himself and do it quickly due to h...

When "free work" makes sense

When "free work" makes sense

Work is showing up at the appointed time, whether or not you feel like it. Work is creating value on demand, and work (for the artist) means putting all of it (or most of it) on the line. And free?

It makes sense to work for free when you think you’ll be able to turn that platform/...

Read self-help that makes sense

A rule of thumb is that wisdom should make sense. It is general and obvious advice. If it is not immediately obvious, it is rarely right.

When you hear something, ask:

  • Is this an obvious universal truth?
  • Does it make sense?
  • ...

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