And this is why we should always support our free press. Even when we are forced to question a story, support and subscribe.
Democracy will not survive without it 🗞
Journalism is called the Fourth Estate for a reason: when the other three estates, or branches of government, fall - the Executive, the Legislative and the Judiciary - it\u2019s up to the Fourth Estate to hold truth to power. Which is exactly what happened in 2016-2020.
— Stephanie (@sfor4th) November 7, 2021
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WORM = White Old Republican Male
WINO = Woman In Name Only
RT @IamWarriorIV
I think there needs to be a stampede to the polls in November https://t.co/MDFdW9JZUI
I think there needs to be a stampede to the polls in November \U0001f92c pic.twitter.com/tgMfKe8ks1
— Robin Gilroy (@IamWarriorIV) June 24, 2022
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Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.