An army of robots is freely available - it's just packed in data centers for heat and space efficiency. Use it.
Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep.
Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you
Labor means people working for you It's the oldest and most foughtover form of leveragLabor leverage will impress your parents, but don’t waste your life chasing it
Capital means money. To raise money, apply your specific knowledge, with accountability, and show resulting good judgment.
Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).
“Give me a lever long enough, and a place to stand, and I will move the earth.” - Archimedes
The most accountable people have singular, public, and risky brands: Oprah, Trump, Kanye, Elon.
Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.
When specific knowledge is taught, it’s through apprenticeships, not schools.
Building specific knowledge will feel like play to you but will look like work to others.
Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.
Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.
Arm yourself with specific knowledge, accountability, and leverage.
Learn to sell. Learn to build. If you can do both, you will be unstoppable.
Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.
Pick business partners with high intelligence, energy, and, above all, integrity.
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
Pick an industry where you can play long term games with long term people.
You will get rich by giving society what it wants but does not yet know how to get. At scale.
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.
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
