Nine sources of advantage:

1. Raw talent/intelligence - Some people are just naturally better and smarter.
2. Hard work - Some people work harder.
3. Differentiation - Seeing the world differently. Doing something different. Reading different books. Interpreting the same information differently.
4. Process / Discipline - Creating a process and following it. Working out every day is a great example.
5. Talent Collector - The ability to hire the best people and get the most out of them.
6. Patience - A lack of patience changes the outcome.
7. 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?
8. Temperament - Keeping your head when everyone else is losing theirs.
9. 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