wealth-creation

Last updated Sep 19, 2022

• Purpose of wealth is freedom
• Free Market Capitalism is intrinsic to the human condition. Free Minds. Free Markets.
• The role of symbiotes in wealth creation.
• Types of luck (Marc Andreessen Blog Post) —> Don’t rely on luck, develop skillsets
• Focus on the phenomenon of compounding.
• Build a trustworthy personality, so people will be encouraged to make deals through you.
• Money is social credit - vehicle for transferring wealth
• “Zero Sum Game of Status"
• Status games are a necessary evil.
• Status vs Wealth-based societies
• Build reputation as a credible dealmaker in specialty area/niche
• Creating new things for society
• Look for careers where inputs and outputs are highly disconnected
• Tools and leverage
• Avoid upgrading lifestyle when you receive pay bumps. Remember needs vs. wants
• Niche obsessions
• One must pick an industry where one can play long-term games with long-term people