Nine sources of advantage:
- Raw talent/intelligence - Some people are just naturally better and smarter.
- Hard work - Some people work harder.
- Differentiation - Seeing the world differently. Doing something different. Reading different books. Interpreting the same information differently.
- Process / Discipline - Creating a process and following it. Working out every day is a great example.
- Talent Collector - The ability to hire the best people and get the most out of them.
- Patience - A lack of patience changes the outcome.
- Ability to take pain - Are you willing to look like an idiot to get better? How much risk are you willing to take, AND, importantly, can you handle the losses?
- Temperament - Keeping your head when everyone else is losing theirs.
- Luck
Most of these are within your control.
— Shane Parrish
https://fs.blog/brain-food/august-20-2023/
#MentalModels #ShaneParrish #FarnamStreet
Original: https://toots.dgplug.org/@jason/110925570940409968
#mentalmodels, #ShaneParrish, #FarnamStreet